BTC $67,995.00 (+0.43%)
ETH $1,972.42 (+0.65%)
XRP $1.42 (-0.24%)
BNB $621.04 (-0.80%)
SOL $85.02 (+0.81%)
TRX $0.29 (+1.43%)
DOGE $0.10 (-2.59%)
BCH $567.03 (+0.35%)
ADA $0.28 (-2.00%)
LEO $8.24 (-3.32%)
HYPE $29.63 (-2.26%)
LINK $8.84 (-0.27%)
CC $0.16 (-0.21%)
XMR $324.89 (-1.45%)
XLM $0.16 (-3.85%)
RAIN $0.01 (-1.88%)
HBAR $0.10 (-1.20%)
ZEC $255.22 (-2.69%)
LTC $54.47 (-0.97%)
AVAX $9.04 (-1.32%)

Mexico vs Tanzania

Crypto regulation comparison

← Back to map | Mexico | Tanzania
Mexico

Mexico

Tanzania

Tanzania

Legal
Partially Regulated

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.

Tanzania's regulatory stance on crypto is evolving. The Bank of Tanzania warned against crypto in 2019, but the 2024 Finance Act introduced a 3% withholding tax on digital asset transactions — Tanzania's first legal recognition of crypto. A December 2024 High Court ruling held that taxed crypto transactions cannot be deemed unlawful. No comprehensive regulatory framework exists yet.

Tax Type Capital gains
Tax Type Income
Tax Rate 1.92-35%
Tax Rate 3% withholding tax
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator CNBV, Banxico (Bank of Mexico), SHCP
Regulator Bank of Tanzania
Stablecoin Rules Virtual assets regulated under Fintech Law; Banxico restricts banks from offering crypto to clients
Stablecoin Rules No stablecoin regulation
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
Key Points
  • Bank of Tanzania warned against crypto trading in 2019 public notice
  • Finance Act 2024 introduced 3% withholding tax on digital asset transactions
  • December 2024 High Court ruled taxed crypto transactions are not unlawful
  • An estimated 2.3 million Tanzanians own cryptocurrency
  • Bank of Tanzania exploring central bank digital currency (CBDC)
Sources
Sources