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The proposal defines tokens as cost devices with out granting them authorized tender.
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The framework responds to the development of legal guidelines within the US, Brazil and El Salvador.
Senator Alejandro Murat Hinojosa, a member of the Morena bench, introduced on Could 6, 2026 a proposal to supply a authorized framework for stablecoins or secure currencies linked to the Mexican peso.
The challenge, at present seen on the senate web site, introduces the determine of Steady Digital Property (AVE) and seeks to control personal tokens that operate as digital cost devices in Mexico with a strict 1:1 parity.
It’s an institutional response to a actuality that The Fintech Legislation of 2018 didn’t cowl comparable to the necessity for clear guidelines for property that goal to duplicate the worth of the nationwide foreign money within the digital asset ecosystem.
The core of this reform, which might immediately influence the Credit score Establishments Legislation and the Securities Market Legislation, lies in consumer safety. For an asset to be thought of an AVE, the issuer should exhibit that it has liquid reserves equal to 100% of the tokens in circulation. This mechanism seeks to keep away from a liquidity disaster and make sure that the suitable of redemption is rapid.
In response to the explanatory assertion of the initiative introduced by Senator Hinojosa, secure digital property “don’t grant authorized tender nor displace the peso.”
Mexico seeks to align itself with the regulatory developments of the area
The initiative doesn’t come up in a vacuum. Mexico observes an setting the place the regulation of digital property has develop into a strategic precedence. Following the approval of the GENIUS Act in america in 2025 and the regulatory advances in Brazil and El Salvador, the Mexican legislator seeks to keep away from lag.
Due to this fact, the initiative seeks to reconcile innovation in digital cost strategies with the preservation of financial stability by the Financial institution of Mexico and the supervision of the Nationwide Banking and Securities Fee (CNBV).
The urgency of this authorized framework is greatest understood by trying on the background of the native market. Since 2021 and 2022, personal initiatives such because the MMXN (Moneta) and MXNT (Tether) tokens tried to place the “digital peso” as a instrument for on a regular basis funds and a gateway to financial savings in cryptoassets, as reported by CriptoNoticias on the time.
Nonetheless, mass adoption was elusive. Sector analysts, comparable to Javier Gamboa from TruBit, already identified at the moment that, though these property allowed transactions with minimal commissions by way of QR codes in cities like Mexico, They confronted the problem of the depreciation of the peso in opposition to the greenback.
The brand new regulation introduced within the Senate appears to gather these experiences, searching for to supply the authorized certainty that the pioneers lacked to generate confidence within the institutional and retail consumer.
In any case, the talk in digital communities has already begun. Some see this regulation as a chance to professionalize the native market, others warn of the chance of making a bureaucratic construction that will increase entry prices for brand spanking new issuers.
The initiative will now go to evaluate within the Senate committees. On condition that Morena has a majority within the higher home, The challenge has a good legislative path.
This debate displays a central problem for regulators in Latin America: discovering the suitable stability between granting better area to non-public innovation in digital property and preserving the unique management of the State over the issuance of foreign money and monetary stability, in a world that more and more calls for to be extra decentralized.
