Mexico is a country in the southern portion of North America.

It has a population of over 129 million people, making it the most populous Spanish-speaking country in the world. It is the 10th largest country in the world based by population.

In March 2018, Mexico established a law concerning virtual assets.

It does not consider them legal currency, rather defining them as “representations of value electronically registered, utilized, and transferred by the public as a means of payment.”

The state’s central bank has broad powers over virtual assets.

Additionally, services which involve virtual assets are considered activities vulnerable to money laundering. Therefore, transactions which exceed a certain amount of value have to be reported to the government. This value is approximately $3000.