Central Banking

Crypto asset trading requires new licence, says Bank of Mexico

Bank of Mexico

Exchanges in Mexico wishing to conduct operations with crypto assets will need to obtain an operating licence from the Bank of Mexico, the central bank announced earlier this month.

In a circular published in the government’s official gazette, Diario Oficial de la Federación, the central bank announced “crypto exchanges” will need to provide the central bank with detailed plans of their operations, business model and ‘know your customer’ checks.

“It is advisable to establish a regulatory frame

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