BTC $66,906.00 (+0.88%)
ETH $1,946.95 (+0.28%)
XRP $1.41 (-0.71%)
BNB $608.04 (+0.66%)
SOL $82.06 (+1.01%)
TRX $0.28 (+1.97%)
DOGE $0.10 (-0.54%)
BCH $559.93 (+1.37%)
ADA $0.27 (-0.46%)
LEO $8.68 (+1.89%)
HYPE $29.14 (+2.02%)
XMR $336.98 (+3.08%)
LINK $8.53 (-0.45%)
CC $0.16 (-5.89%)
XLM $0.16 (-1.23%)
RAIN $0.01 (+1.80%)
ZEC $264.64 (-0.77%)
HBAR $0.10 (-0.94%)
LTC $52.53 (-1.16%)
AVAX $8.90 (+0.51%)

Sri Lanka vs Mexico

Crypto regulation comparison

← Back to map | Sri Lanka | Mexico
Sri Lanka

Sri Lanka

Mexico

Mexico

Restricted
Legal

Sri Lanka has no specific cryptocurrency legislation. The CBSL has issued multiple warnings (2018, 2021, 2022, 2023) about crypto risks and has not authorized any entity to operate crypto exchanges, mining, or advisory services. Use of debit/credit cards for crypto is prohibited under the Foreign Exchange Act. The SEC has been discussed as a potential future regulator.

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 Central Bank of Sri Lanka, Securities and Exchange Commission
Regulator CNBV, Banxico (Bank of Mexico), SHCP
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Virtual assets regulated under Fintech Law; Banxico restricts banks from offering crypto to clients
Key Points
  • CBSL has issued repeated warnings about crypto risks (2018, 2021, 2022, 2023)
  • No entity authorized to operate crypto exchanges, mining, or advisory services
  • Use of debit/credit cards for crypto prohibited under Foreign Exchange Act
  • CBSL requested criminal proceedings against crypto pyramid schemes
  • SEC discussed as potential future regulatory authority for digital assets
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