Experts warn Mexico still lacks clear crypto regulation
- —2018 Fintech Law recognizes virtual assets but not as a means of payment
- —No licensing regime for crypto exchanges and no clear tax treatment of gains
- —Banco de México says crypto is not legal tender and discourages banks from offering it
- —Authorities seized over 1,000 miners at an illegal mining farm in a mountain area
Why it matters: The regulatory vacuum pushes activity to foreign and informal venues and deters institutional capital in Latin America's largest remittance market.
Source: CriptoTendencias