LATAM · Lead regulator: Congreso de la Unión
Which of the six core regulatory dimensions this jurisdiction's norms actually address. Coverage is detected from the source text — not a structural heuristic.
Breakdown of the confidence badge shown above. Each component is independent and they sum (weighted) to the overall score.
Green = triggered by at least one norm in this jurisdiction.
7 norms with regime, scope, gaps and verbatim evidence quotes. Scroll for more.
Scope: This is Mexico's general Income Tax Law, which is applied to crypto-asset transactions. It does not establish a specific crypto operational regime, but treats income from the sale (enajenación) of crypto as taxable.
Gap or ambiguity: The law lacks specific articles for crypto-assets, creating ambiguity in applying general tax principles like cost basis, inflation adjustments, and income characterization. This creates an opportunity to provide standardized methodologies for valuation and tax calculation.
source ↗Scope: This law classifies the habitual or professional exchange of virtual assets as a 'vulnerable activity'. It imposes AML/CFT obligations, including registration, customer identification (KYC), and reporting to tax authorities.
Gap or ambiguity: The law applies a general AML framework to crypto but lacks specific technical standards for virtual asset transaction monitoring (KYT). This creates an opportunity for independent validation of AML/CFT control effectiveness for crypto operations.
Scope: This 2014 press release warns the public about the risks of virtual assets, clarifying they are not legal tender. It also states that regulated financial institutions are prohibited from operating with them.
Gap or ambiguity: As a 2014 warning, the text predates any formal crypto-asset framework, representing a complete regulatory gap. The Central Bank only signals it might issue regulations in the future if necessary.
“El marco jurídico vigente tampoco los reconoce como medio de cambio oficial ni como depósito de valor u otra forma de inversión.”
Scope: This law establishes the Bank of Mexico's nature, objectives, and functions as the country's central bank. It regulates currency issuance, monetary policy, and the traditional financial and payment systems, but does not address crypto-assets.
Gap or ambiguity: The law predates crypto-assets and contains no provisions for them, creating a complete regulatory gap. Its broad powers could be interpreted to cover new financial technologies, but specific rules and technical standards are absent.
“TEXT IN EFFECT Last amendment published in the Federal Official Gazette on January 10, 2014”
How this jurisdiction inherits, is inspired by, or cites other regulatory texts.
Binding transposition of a supranational anchor.
No edges.
Non-binding alignment with standards or foreign law.
Explicit citations in the body of norms.