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The cryptocurrency market continues to be a highly dynamic terrain, and here I present a summary of the most notable news, focusing on the current situation and what is relevant for Chile.
Updates on Regulation and Adoption in Chile
Starting from July 1, 2025, new regulations will come into effect in Chile, requiring cryptocurrency platforms to identify the sender and receiver of any transaction exceeding US$1,000. This measure aims to align Chile with the international "Travel Rule" to combat money laundering and reduce anonymity.
Regarding adoption, Mercado Pago recently launched the cryptocurrency "Meli Dollar" in Chile, allowing its users to operate with it directly from their app. This initiative simplifies access to cryptocurrencies for a broader segment of the population.
Market Movements and Bitcoin
The crypto market has experienced some volatility. Spot Ethereum ETFs in the U.S. have seen significant outflows lately, indicating a possible adjustment in investor expectations regarding this cryptocurrency.
On the other hand, Bitcoin has shown remarkable resilience. Although it has had fluctuations, its performance in the last year has been 61.31%. Analysts suggest that Bitcoin could remain in a high range, with projections even pointing to US$100,000. Its value is influenced by the seasonality of the third quarter and accumulation by large institutional investors, who see Bitcoin as a store of value asset.
Crimes, Scams, and Government Stances
The Public Prosecutor's Office of Chile has issued an alert regarding the illegal use of cryptocurrencies by foreign criminal organizations to conceal assets and launder money. This type of illicit activity underscores the need for stricter regulation and increased oversight.
At the government level, President Boric has maintained a cautious stance ..............