Mexico’s Ministry of Finance (SHCP) has published new anti-money laundering rules that will require full identity verification for all Bitcoin and crypto transfers starting March 1, 2027. The regulations classify virtual asset transactions as « vulnerable activities, » a legal designation that triggers compliance obligations for anyone facilitating them. The new framework requires risk-based customer classification, identification of beneficial owners holding 25 % or more of a transacting entity, and automated monitoring systems operational by June 1, 2027. The previous reporting threshold of approximately $3,500 has been eliminated, making identity verification mandatory for all transactions regardless of size. Full regulatory audits are expected to begin in 2028.
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