Mexican VAT issues in the use of cryptocurrencies
Bruno Fregoso of Copper Wolf reports on Mexico’s legislative attempts to grapple with the rising use of cryptocurrency, with potentially significant implications for both direct and indirect tax.
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Bruno Fregoso of Copper Wolf reports on Mexico’s legislative attempts to grapple with the rising use of cryptocurrency, with potentially significant implications for both direct and indirect tax.
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To embed, copy and paste the code into your website or blog: On January 28, 2021, the Mexican Central Bank and the National Banking and Securities Commission ("CNBV"), published in the Federal Official Gazette the "General regulations applicable to e-money Institutions pursuant to Articles 48, second paragraph, 54, first paragraph and 56, first and second paragraphs of the Law Regulating the Financial Technology Institutions" ("IFPE Provisions"). Background The Law Regulating Financial Technology Institutions (" Fintech Law") was published in the Federal Official Gazette on March 9, 2018, an...