Based on the report, Mexico continues to strengthen laws in opposition to cash laundering and terrorist financing within the cryptocurrency ecosystem, whereas enhancing the operational effectivity of alternate platforms. Present state of the cryptocurrency business in 2026 SumSub.
The report, primarily based on tens of millions 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 id verification time was diminished from 24 seconds to twenty seconds. The report highlights the next factors: Regional compliance progresses in parallel with tightening laws nation.
The evaluation refers to the truth that on July 16, 2025, a decree was printed within the Federal Register amending the Federal Regulation on the Prevention and Identification of Operations with Sources of Unlawful Origin (LFPIORPI) and amending Article 400bis of the Federal Legal 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 (categorised as a ‘susceptible exercise’ since 2018) by introducing a number of vital enhancements, together with:”
- Prolong the vary explicitly. Software of the system to digital asset service suppliers (VASP) A overseas nationwide who gives providers to Mexican nationals from exterior 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 going on on a worldwide scale. Get extra refined with artificial identities and the usage of AIand solely 23% of platforms are totally 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 response to Chainalysis’ newest implementation report.
