In keeping with the report, Mexico continues to strengthen rules in opposition to cash laundering and terrorist financing within the cryptocurrency ecosystem, whereas enhancing the operational effectivity of trade platforms. Present state of the cryptocurrency trade in 2026 That is SumSub.
The report, based mostly on hundreds of thousands of verifications and greater than 4 million frauds analyzed between 2024 and 2025, discovered that Mexico, situated within the Latin America and Caribbean area, noticed its fraud fee fall from 1.5% to 1.4% (down 7% year-over-year), under the worldwide common of two.2%.
The verification cross fee reached 95% and the typical identification verification time was lowered from 24 seconds to twenty seconds. The report highlights the next factors: Regional compliance progresses in parallel with tightening rules nation.
The evaluation refers to the truth that on July 16, 2025, a decree was revealed within the Federal Register amending the Federal Legislation on the Prevention and Identification of Operations with Sources of Unlawful Origin (LFPIORPI) and amending Article 400bis of the Federal Prison Code.
Sumsub factors out that “the proposed amendments strengthen the prevailing anti-money laundering and countering the financing of terrorism (AML/CFT) framework relevant to digital asset transactions (categorized as a 'susceptible exercise' since 2018) by introducing a number of essential enhancements, together with:”
- Prolong the vary explicitly. Utility of the system to digital asset service suppliers (VASP) A international nationwide who gives companies to Mexican nationals from outdoors Mexico.
- Cut back the notification threshold.
- It imposes enhanced record-keeping and disclosure obligations, requiring VASPs to gather, preserve, and supply to competent authorities detailed details about originators, recipients, and beneficiaries of digital asset transactions.
It additionally incorporates risk-based assessments, compliance officers, and common audits. SumSub factors out that fraud is happening on a worldwide scale. Get extra refined with artificial identities and the usage of AIand solely 23% of platforms are absolutely compliant with the Journey Rule, a problem Mexico's new guidelines search to unravel.
Mexico ranks because the third largest cryptocurrency market in Latin America after Brazil and Argentina, in keeping with Chainalysis' newest implementation report.
(Tag to translate) Cryptocurrency
