Mexico Mandates Full KYC for Bitcoin and Cryptocurrency Transfers

Mexico's Ministry of Finance has introduced new anti-money laundering rules that require full identity verification for every Bitcoin and cryptocurrency transfer starting March 1, 2027. These regulations enforce a risk-based customer classification, beneficial ownership identification for entities owning 25% or more, and mandatory automated monitoring of transactions by June 2027.

The update expands on Mexico's 2018 Fintech Law by closing previous gaps, requiring all transfers to have clear identification regardless of size, and imposing stricter registration and custody rules. Regulatory audits will begin in 2028, giving providers time to comply with the new framework.