The proposal defines tokens as fee devices with out granting them authorized tender.
The framework responds to the development of legal guidelines within the US, Brazil and El Salvador.
Senator Alejandro Murat Hinojosa, a member of the Morena bench, offered on Might 6, 2026 a proposal to offer a authorized framework for stablecoins or secure currencies linked to the Mexican peso.
The venture, at the moment seen on the senate web site, introduces the determine of Secure Digital Belongings (AVE) and seeks to manage personal tokens that perform as digital fee devices in Mexico with a strict 1:1 parity.
It’s an institutional response to a actuality that The Fintech Legislation of 2018 didn’t cowl reminiscent of the necessity for clear guidelines for belongings that intention to copy the worth of the nationwide foreign money within the digital asset ecosystem.
The core of this reform, which might immediately impression the Credit score Establishments Legislation and the Securities Market Legislation, lies in consumer safety. For an asset to be thought of an AVE, the issuer should display that it has liquid reserves equal to 100% of the tokens in circulation. This mechanism seeks to keep away from a liquidity disaster and be certain that the proper of redemption is speedy.
In accordance with the explanatory assertion of the initiative offered by Senator Hinojosa, secure digital belongings “don’t grant authorized tender nor displace the peso.”
Mexico seeks to align itself with the regulatory tendencies of the area
The initiative doesn’t come up in a vacuum. Mexico observes an atmosphere the place the regulation of digital belongings has grow to be a strategic precedence. Following the approval of the GENIUS Act in the USA in 2025 and the regulatory advances in Brazil and El Salvador, the Mexican legislator seeks to keep away from lag.
Subsequently, the initiative seeks to reconcile innovation in digital fee strategies with the preservation of financial stability by the Financial institution of Mexico and the supervision of the Nationwide Banking and Securities Fee (CNBV).
The urgency of this authorized framework is finest understood by trying on the background of the native market. Since 2021 and 2022, personal initiatives such because the MMXN (Moneta) and MXNT (Tether) tokens tried to place the “digital peso” as a device for on a regular basis funds and a gateway to financial savings in cryptoassets, as reported by CriptoNoticias on the time.
Nevertheless, mass adoption was elusive. Sector analysts, reminiscent of Javier Gamboa from TruBit, already identified at the moment that, though these belongings allowed transactions with minimal commissions via QR codes in cities like Mexico, They confronted the problem of the depreciation of the peso in opposition to the greenback.
The brand new regulation offered within the Senate appears to gather these experiences, looking for to supply the authorized certainty that the pioneers lacked to generate confidence within the institutional and retail consumer.
In any case, the controversy in digital communities has already begun. Some see this regulation as a chance to professionalize the native market, others warn of the danger of making a bureaucratic construction that will increase entry prices for brand spanking new issuers.
The initiative will now go to assessment within the Senate committees. On condition that Morena has a majority within the higher home, The venture has a positive legislative path.
This debate displays a central problem for regulators in Latin America: discovering the proper steadiness between granting larger area to non-public innovation in digital belongings and preserving the unique management of the State over the issuance of foreign money and monetary stability, in a world that more and more calls for to be extra decentralized.
