According to the report, Mexico continues to strengthen regulations against money laundering and terrorist financing in the cryptocurrency ecosystem, while improving the operational efficiency of exchange platforms. Current state of the cryptocurrency industry in 2026 SumSub.
The report, based on millions of verifications and more than 4 million frauds analyzed between 2024 and 2025, found that Mexico, located in the Latin America and Caribbean region, saw its fraud rate fall from 1.5% to 1.4% (down 7% year-over-year), below the global average of 2.2%.
The verification pass rate reached 95% and the average identity verification time was reduced from 24 seconds to 20 seconds. The report highlights the following points: Regional compliance progresses in parallel with tightening regulations country.
The analysis refers to the fact that on July 16, 2025, a decree was published in the Federal Register amending the Federal Law on the Prevention and Identification of Operations with Resources of Illegal Origin (LFPIORPI) and amending Article 400bis of the Federal Criminal Code.
Sumsub points out that “the proposed amendments strengthen the existing anti-money laundering and countering the financing of terrorism (AML/CFT) framework applicable to virtual asset transactions (classified as a ‘vulnerable activity’ since 2018) by introducing several important improvements, including:”
- Extend the range explicitly. Application of the system to virtual asset service providers (VASP) A foreign national who provides services to Mexican nationals from outside Mexico.
- Reduce the notification threshold.
- It imposes enhanced record-keeping and disclosure obligations, requiring VASPs to collect, maintain, and provide to competent authorities detailed information about originators, recipients, and beneficiaries of virtual asset transactions.
It also incorporates risk-based assessments, compliance officers, and regular audits. SumSub points out that fraud is occurring on a global scale. Get more sophisticated with synthetic identities and the use of AIand only 23% of platforms are fully compliant with the Travel Rule, a challenge Mexico’s new rules seek to solve.
Mexico ranks as the third largest cryptocurrency market in Latin America after Brazil and Argentina, according to Chainalysis’ latest implementation report.
(Tag to translate) Cryptocurrency
