Mexico reminds banks crypto transactions are illegal

The Bank of Mexico
The Bank of Mexico
Photo: Daniel Hinge

The Bank of Mexico and two other agencies restated that banks offering services in crypto assets without authorisation faced “applicable legal sanctions”.

The central bank, finance ministry and the banking and securities commission issued a joint statement on June 28. They warned that banks in Mexico “are not authorised to undertake… transactions with virtual assets”.  

The regulators warned that “virtual assets do not constitute legal tender in Mexico, nor are they foreign exchange under

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: