The declaration was made throughout the framework of the primary bilateral Strategic Dialogue.
Kaja Kallas held a separate assembly with the Secretary of Safety, Omar García Harfuch.
Throughout the framework of the VIII Mexico-European Union Summit held this week, International Minister Roberto Velasco Álvarez and the Excessive Consultant of the EU for International Affairs and Safety Coverage, Kaja Kallas, introduced the intention to strengthen bilateral collaboration on monetary safety.
The principle focus consists of the combat towards cash laundering and illicit use of cryptocurrencies by transnational legal organizations. Through the press convention on Could 21, International Minister Velasco Álvarez said:
We now have talked right this moment about how there are legal organizations which might be finishing up actions at a worldwide stage, resembling cash laundering, in fact additionally what has to do with using cryptocurrencies for any such illicit actions. So we intend to take care of a dialogue and search potentialities for cooperation to deal with these kinds of threats and actions.
Roberto Velasco, International Minister of Mexico
This declaration marks a concrete step in direction of a higher coordination between Mexican and European authoritiesnotably with Europol. The target is to enhance the trade of monetary and tactical intelligence to trace illicit flows in decentralized networks or as they’re additionally recognized, “blockchain”, and different digital property.
The initiative is a part of the signing of the Modernized International Settlement, which updates the industrial and political relations between Mexico and the EU in power since 2000.
For the cryptocurrency ecosystem, the announcement is related however not stunning. The European Union has developed probably the most superior regulatory frameworks on the earth with the MiCA regulation, which imposes registration, transparency and anti-laundering obligations on cryptoasset service suppliers.
Mexico, for its half, has strengthened its anti-money laundering (AML) laws by means of the Monetary Intelligence Unit (UIF) and has been incorporating studies of operations with digital property.
Specialists from the analysis agency Chainalysis level out that using cryptocurrencies by organized crime tends to focus on stablecoins and transactions on centralized exchanges or DeFi protocols with little supervision.
In response to historic information from the aforementioned researchers, though the share of illicit quantity in cryptocurrencies is low (typically under 1% of the whole), absolutely the quantities are important at round $154 billion and require specialised on-chain evaluation instruments.
Within the specific case of Mexico, this isn’t the primary time that there was speak of accelerating efforts towards the illicit use of cryptocurrencies. In March of this 12 months, CriptoNoticias reported that the nation was making progress in tightening its controls towards cash laundering and terrorist financing within the cryptocurrency ecosystem. The above in line with SumSub’s State of the Crypto Trade 2026 report.
Mexico-EU cooperation may translate into joint coaching applications, info trade protocols and higher capabilities to establish wallets and addresses linked to legal actions, all the time respecting privateness and human rights frameworks.
Analysts within the cryptocurrency sector resembling Caroline Malcolm, former Vice President of International Coverage at Chainalysis, think about that these kinds of worldwide alliances are essential to keep away from world regulatory fragmentation, which may generate regulatory arbitrage and havens for illicit capital.
Nonetheless, they warn that steadiness is essential: tightening controls with out discouraging innovation or authentic adoption of so-called “blockchain expertise,” which is definitely just one a part of Bitcoin expertise.
The dialogue introduced by International Minister Velasco represents a realistic and collaborative strategy. That is the deepening of already current joint work towards transnational monetary crime. Success will depend upon the sensible implementation of those commitments within the coming months.
