Daniele
Sat Jun 08 2024
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7 answers
2161
Is Mexico crypto-friendly?｜. In Mexico, crypto tax applies to the net profit from crypto sales or exchanges.Mexico acknowledges and accepts crypto for payments and value transfer but not as legal currency
Is Mexico crypto-friendly? The nation's stance on cryptocurrencies seems to hover between acceptance and regulation. On one hand, Mexico recognizes the value of crypto for payments and value transfer, indicating a degree of openness to the digital asset class. However, it doesn't consider crypto as legal currency, suggesting caution in its official approach. Furthermore, Mexico applies taxes to the net profit derived from crypto sales or exchanges, indicating a regulatory framework for cryptocurrency transactions. So, while Mexico isn't a crypto haven, it's not entirely hostile either, leaving room for further exploration and growth in the crypto space.
