Mexico reminds banks crypto transactions are illegal

- Central Banking Newsdesk
- 02 Jul 2021

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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

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