MEXC in Mexico 2026: CNBV Regulations & MXN Guide

Mexico regulates crypto under the FinTech Law (2018) overseen by CNBV (National Banking and Securities Commission). Licensed ITF (Fintech Institutions) can offer crypto services. MEXC is not CNBV-licensed but is accessible. Mexico's SAT (tax authority) taxes crypto gains as ordinary income.

Mexico passed the FinTech Law in 2018, which created a licensing framework for fintech companies including crypto exchanges. Licensed ITFs can offer crypto services to Mexican users with CNBV oversight. MEXC is not CNBV-licensed but is fully accessible to Mexican users who use it for its broader feature set and lower fees compared to licensed domestic options.

MEXC is available in Spanish and has an active Mexican user base. The P2P marketplace supports MXN transactions via SPEI (Mexico's interbank electronic payment system) and major Mexican bank transfers.

SPEI (Sistema de Pagos Electrónicos Interbancarios) is Mexico's interbank transfer system available 24/7 including weekends. Almost all major Mexican banks support SPEI including BBVA, Citibanamex, Santander, Banorte, and HSBC Mexico. SPEI transfers are near-instant, making it an excellent P2P deposit method.

To fund MEXC via P2P SPEI: navigate to P2P, select Buy USDT, filter by MXN and SPEI. Complete the SPEI transfer as instructed by the seller and confirm payment on MEXC. USDT is released from escrow upon confirmation, typically within 10-20 minutes.

Mexico's SAT (Servicio de Administración Tributaria) taxes crypto gains as ordinary income under ISR (Impuesto Sobre la Renta). For individuals, the rate depends on total annual income. Mexico does not have a separate capital gains rate for crypto — all gains are taxed as regular income, which can reach 35% at the highest bracket.

Mexican residents must declare crypto income in their annual tax return. MEXC's CSV export can be used with Mexican crypto tax tools or accountants to calculate SAT-compliant tax figures. Mexico has been increasing crypto tax enforcement through bank reporting requirements.

Mexican traders are attracted to MEXC for altcoin access beyond what Mexican-licensed platforms offer, futures trading, and USDT as a USD savings vehicle — important in a country where USD access carries a significant premium. MEXC's zero-fee spot trading particularly appeals to Mexican traders who conduct frequent currency conversions between MXN-equivalent and USD-equivalent assets.