The Integral Fintech Law of Mexico was put in place to regulate organizations who supply financial services related to electronic payments, crowdfunding, cryptocurrencies, virtual assets and crowdsourcing. Organizations such as these are now being treated similarly to traditional financial institutions. While foreign and national currency trades are seen as a more traditional equivalent to Fintechs, these actions are currently untaxed by indirect taxes such as VAT. That treatment is not extended to the trade of cryptocurrencies.
Source: SOVOS
