Mexico's central bank, Banxico, has reiterated its cautious stance on cryptocurrencies, maintaining restrictions on crypto services for banks and fintechs that have been in place since 2021. The bank highlighted concerns over volatility, cybersecurity, money laundering, and the lack of legal tender status for digital assets. Banxico also expressed apprehension about stablecoins and emphasized the need for global regulatory frameworks before further integration into the financial system. The cautious approach underscores the ongoing scrutiny of risk-on assets like cryptocurrencies in Mexico.