BTC $67,671.00 (+1.99%)
ETH $1,964.96 (+2.26%)
XRP $1.43 (+2.53%)
BNB $620.36 (+3.35%)
SOL $84.38 (+4.47%)
TRX $0.29 (+1.12%)
DOGE $0.10 (+4.08%)
BCH $561.08 (+1.73%)
ADA $0.29 (+6.80%)
LEO $8.69 (+0.07%)
HYPE $30.09 (+6.24%)
LINK $8.90 (+5.50%)
XMR $333.52 (+1.49%)
CC $0.16 (+2.63%)
XLM $0.16 (+3.07%)
RAIN $0.01 (-1.86%)
ZEC $260.96 (+0.39%)
HBAR $0.10 (+4.27%)
LTC $55.11 (+6.24%)
AVAX $9.14 (+3.47%)

Cambodia vs Mexico

Crypto regulation comparison

← Back to map | Cambodia | Mexico
Cambodia

Cambodia

Mexico

Mexico

Restricted
Legal

Cambodia has a restrictive stance on cryptocurrency. The National Bank of Cambodia prohibits banks and financial institutions from dealing in crypto, and unlicensed crypto businesses are illegal. However, the government has shown interest in blockchain technology and launched Bakong, a CBDC-like payment system.

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 Unclear
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 National Bank of Cambodia (NBC), SERC
Regulator CNBV, Banxico (Bank of Mexico), SHCP
Stablecoin Rules Bakong (CBDC) promoted as alternative; private stablecoins not specifically regulated
Stablecoin Rules Virtual assets regulated under Fintech Law; Banxico restricts banks from offering crypto to clients
Key Points
  • NBC issued a 2018 directive prohibiting banks from dealing in cryptocurrency
  • Unlicensed crypto exchanges and trading platforms are banned
  • Bakong digital payment system launched in 2020 using blockchain technology
  • SERC (Securities and Exchange Regulator) has discussed regulating crypto as digital assets
  • Despite restrictions, peer-to-peer crypto usage remains significant
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