licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

Matrix / Mexico

🇲🇽 Mexico

CNBV / Banxico, IFPE route; no dedicated crypto licence

Last verified 2026-07-01 Next review 2026-07-15

Licence type

No dedicated public-facing crypto licence. Ley Fintech (2018) offers the IFPE (e-money institution) and IFC (crowdfunding) routes; virtual-asset operations by regulated entities need Banxico authorisation (internal-only, effectively not granted for customer crypto).

Verified 2026-07-01 Source: Ley Fintech (LRITF): https://www.diputados.gob.mx/LeyesBiblio/pdf/LRITF.pdf

Regulator

CNBV authorises/supervises ITFs (with the Comite Interinstitucional); Banco de Mexico (Banxico) controls virtual-asset authorisations and payments; SHCP/SAT/UIF for AML; CONDUSEF for consumer protection.

Verified 2026-07-01 Source: CNBV - ITF authorisation process: https://www.gob.mx/cnbv/acciones-y-programas/proceso-de-autorizacion-y-guias-de-las-instituciones-de-tecnologia-financiera-itfs

Capital requirement 🔒

Timeline to authorisation 🔒

Local substance 🔒

Application cost 🔒

Ongoing cost 🔒

Passporting 🔒

MiCA CASPs approved 🔒

Key restrictions 🔒

Recent changes

Major AML Law reform enacted 16 Jul 2025 (VASPs serving Mexican residents in scope; Travel Rule; 10-yr records). Banxico (Dec 2025) reiterated stablecoins pose financial-stability risks. A Fintech Law 2.0 is discussed but NOT enacted.

Verified 2026-07-01 Source: Global Legal Insights 2026 - Mexico: https://www.globallegalinsights.com/practice-areas/blockchain-cryptocurrency-laws-and-regulations/mexico/

Difficulty rating 🔒

The decision numbers for Mexico are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

See pricing See the free jurisdiction first

Track Mexico

Get an email when this regime changes, fee schedules, capital rules, transition deadlines.

Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Mexico's regulator and qualified local counsel before acting.