GeishaWhisper
Sun Jun 09 2024
|
6 answers
1397
What is the mining law in Mexico?｜In accordance with article 13 of the Mining Law, holders of mining concessions must pay 5% of the fiscal result of the profits obtained from the operation of a mining concession with indigenous and Afro-Mexican communities owning the lands where the mining concessions are located.
Could you please elaborate on the mining law in Mexico? Specifically, what does Article 13 of the Mining Law stipulate? It seems to mention that mining concession holders are required to pay a certain percentage of their fiscal profits to the indigenous and Afro-Mexican communities residing on the land where the mining concessions are situated. Could you further explain the significance and implications of this provision?
EnchantedNebula
Sun Jun 09 2024
|
6 answers
1085
Is $100 a lot of money in Mexico?｜What can a handful of pesos get you in Mexico? Considering the fact that under current exchange rates, $100 USD equals approximately 1,671 MXN, so is $100 a lot of money in Mexico?Yes, you can get a whole heck of a lot from $100!
Could you please elaborate on whether $100 is considered a significant amount of money in Mexico? How far would a few pesos stretch in Mexico's daily life? Given the current exchange rate where $100 USD translates to approximately 1,671 MXN, does this sum hold significant value in Mexico? And indeed, what sorts of purchases or experiences could one enjoy with such an amount?
Tommaso
Sat Jun 08 2024
|
6 answers
1480
Is blockchain in Mexico?｜The last regulatory reform on this matter took place on June 7, 2023, when the National Procedures Code was published and, for the first time in Mexico, terms such as “Blockchain” and “Metaverse” were defined at a regulatory level, expressly recognising the evidential value of information, electronic documents or data ...
Is blockchain technology currently operational in Mexico? It's intriguing to learn that the National Procedures Code, published on June 7, 2023, marked a significant milestone in Mexico's regulatory framework. For the first time, terms like "Blockchain" and "Metaverse" have been officially defined. This recognition of the evidentiary value of information, electronic documents, and data stored on blockchain is particularly noteworthy. However, does this regulatory reform actually mean that blockchain is being actively used in Mexico? What are the specific applications or use cases? Could you elaborate on the current status of blockchain in Mexico?
Daniele
Sat Jun 08 2024
|
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.
Valentina
Sat Jun 08 2024
|
5 answers
1148
Is crypto ban in Mexico?｜In Mexico, there are no specific rules applicable to border restrictions or obligations to declare the holding of cryptocurrencies, except for the existence of income derived from the sale of Virtual Assets (for further information, see “Taxation” above).
Could you please clarify the current legal status of cryptocurrencies in Mexico? Are there any specific restrictions or obligations in terms of declaring holdings of cryptocurrencies? Is there a ban on cryptocurrencies in Mexico? Additionally, I'd like to know more about the taxation aspect related to the sale of Virtual Assets. Could you provide further information on this matter? Thank you for your assistance.
