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Wavy Node evaluates each transaction against the applicable regulatory frameworks in the corresponding jurisdiction. We currently support Mexico’s regulations, with planned expansion to Colombia, Brazil, and Argentina.

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Mexico 🇲🇽

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Fintech Law

The Law to Regulate Financial Technology Institutions establishes the framework for companies operating with virtual assets in Mexico. Wavy Node verifies:
  • Registration and authorization with the CNBV
  • Operational limits for virtual assets
  • Risk disclosure requirements
  • Reporting obligations to Banxico

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LFPIORPI

The Federal Law for the Prevention and Identification of Operations with Illicit Proceeds establishes reporting thresholds and vulnerable activities.
ActivityIdentification thresholdReporting threshold
Virtual asset operations$32,000 MXN$64,000 MXN
Electronic transfers$10,000 MXN$50,000 MXN
Operations exceeding reporting thresholds must be reported to the UIF (Financial Intelligence Unit) within 24 hours.

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SPEI

The Electronic Interbank Payment System Rules establish requirements for electronic transfers, including:
  • Originator and beneficiary identification
  • Operation traceability
  • Unusual operation reports

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International standards

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FATF

Wavy Node implements the Financial Action Task Force recommendations:
  • Recommendation 15: New technologies (virtual assets)
  • Recommendation 16: Travel Rule

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Travel Rule

For virtual asset transfers exceeding USD $1,000, Wavy Node verifies that the required originator and beneficiary information is included:
  • Originator name
  • Originator account or wallet number
  • Originator address or national ID
  • Beneficiary name
  • Beneficiary account or wallet number
Coming soon: support for Colombia (Law 1762), Brazil (Crypto Legal Framework), and Argentina (UIF Resolution 300) regulations.