Mexico is making progress in tightening its controls in opposition to cash laundering and terrorist financing within the cryptocurrency ecosystem, whereas bettering the operational effectivity of alternate platforms, in line with the report State of the Crypto Trade 2026 de SumSub.
The report, primarily based on tens of millions of verifications and greater than 4 million fraud makes an attempt analyzed between 2024 and 2025, locations Mexico inside Latin America and the Caribbean, a area the place the fraud charge fell from 1.5% to 1.4% (down 7% year-on-year), under the worldwide common of two.2%.
The verification go charge reached 95% and the typical id validation time was lowered from 24 to twenty seconds. The report highlights the regional progress in compliance, in parallel with regulatory strengthening of the nation.
The evaluation refers to the truth that on July 16, 2025, the decree that reforms the Federal Legislation for the Prevention and Identification of Operations with Sources of Illicit Origin (LFPIORPI) and modifies article 400 Bis of the Federal Penal Code was revealed within the Official Gazette of the Federation.
Sumsub notes that “the modification strengthened the prevailing anti-money laundering and counter-terrorism financing (AML/CFT) framework relevant to digital asset transactions (which have been labeled as “susceptible actions” since 2018) by introducing a number of key enhancements,” that are:
- Explicitly expands the scope of software of the regime to digital asset service suppliers (VASP) foreigners who present providers to Mexican residents from outdoors Mexico.
- Cut back notification thresholds.
- It imposes enhanced record-keeping and disclosure obligations, requiring VASPs to gather, retain and make accessible to competent authorities detailed info on the originator, recipient and helpful proprietor of digital asset transactions.
As well as, it incorporates risk-based evaluations, a compliance officer and periodic audits. On a worldwide scale, SumSub factors out that fraud is turns into extra subtle with using artificial identities and AIand that solely 23% of platforms totally adjust to the Journey Rule, a problem that the brand new Mexican guidelines search to handle.
In accordance with the latest adoption report from the Chainalysis agency, Mexico is positioned because the third largest cryptocurrency market in Latin America behind Brazil and Argentina.
