BTC $68,115.00 (+1.50%)
ETH $1,966.16 (-0.33%)
XRP $1.42 (-0.08%)
BNB $612.74 (+0.77%)
SOL $84.27 (+3.06%)
TRX $0.28 (+1.22%)
DOGE $0.10 (+1.47%)
BCH $556.30 (+0.24%)
ADA $0.28 (+0.60%)
LEO $8.58 (-0.78%)
HYPE $29.33 (+1.13%)
XMR $338.67 (+4.56%)
LINK $8.69 (+0.11%)
CC $0.16 (-1.18%)
XLM $0.16 (+0.44%)
RAIN $0.01 (+2.16%)
ZEC $263.35 (+1.02%)
HBAR $0.10 (+0.91%)
LTC $53.85 (+1.50%)
AVAX $9.25 (+4.36%)

Cameroon vs Mexico

Crypto regulation comparison

← Back to map | Cameroon | Mexico
Cameroon

Cameroon

Mexico

Mexico

Restricted
Legal

Cameroon has no specific national cryptocurrency legislation. As a CEMAC member, COBAC issued a 2022 directive banning financial institutions from facilitating crypto transactions. BEAC opposes crypto regulation and does not recognize cryptocurrencies. Individual ownership is not explicitly banned but access via formal banking is restricted.

Mexico regulates cryptocurrency under the 2018 Fintech Law (Ley Fintech), one of Latin America's first comprehensive crypto regulatory frameworks. The CNBV licenses fintech institutions including crypto exchanges. However, Banxico has restricted financial institutions from offering crypto services directly to customers. Crypto gains are taxed as income at progressive rates.

Tax Type None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 1.92-35%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BEAC (Bank of Central African States), COBAC
Regulator CNBV, Banxico (Bank of Mexico), SHCP
Stablecoin Rules Not applicable — COBAC bans financial institutions from crypto transactions
Stablecoin Rules Virtual assets regulated under Fintech Law; Banxico restricts banks from offering crypto to clients
Key Points
  • No specific national cryptocurrency legislation
  • COBAC 2022 directive bans banks and payment providers from facilitating crypto transactions
  • BEAC firmly opposes cryptocurrency regulation in the CEMAC region
  • Part of the CEMAC monetary zone with the CFA franc
  • Nearly 900,000 crypto users in Cameroon despite restrictive banking environment
Key Points
  • Fintech Law (2018) regulates virtual asset operations through licensed ITFs (Fintech Institutions)
  • CNBV (National Banking and Securities Commission) oversees licensing and compliance
  • Banxico issued rules restricting banks from offering crypto to clients directly
  • Crypto gains taxed as 'other income' (otros ingresos) at progressive rates up to 35%
  • Mexico has high crypto adoption driven by remittances and unbanked population
Sources
Sources