based on materials from the site - By CoinPedia News
In 2025, Chile will develop the regulatory framework for fintech, cryptocurrencies, and potential bitcoin reserves. The Central Bank of Chile has even issued a central bank digital currency (CBDC) to ensure fast cryptocurrency transactions.
The main law on cryptocurrencies in Chile is the "Fintech Law" (Law No. 21.521), which aims to stimulate financial innovations and inclusivity. Currently, Chile is implementing all existing regulations in the field of cryptocurrencies and fintech to create a comprehensive regulatory framework for cryptocurrencies.
"It should be noted that this project does not include the regulation of digital assets used as a means of payment – an issue that the Central Money Commission of Chile is working on jointly with the Central Bank."
There is no special "crypto license" in Chile, and it is expected that crypto asset service providers (CASPs) will be registered with the Financial Market Commission (CMF). This will allow them to obtain official permission for legal activities in the country.
The CMF has a 30-day registration period and six months to obtain permission. Additionally, CASPs are required to comply with funding and security regulations, as well as provide detailed information about their activities.
Adoption Level: Currently, 3.69 million people in Chile use cryptocurrency, which is 18.73% of the population. It is expected that by 2026 this number will reach 6.34 million, which will make up 31.76% of the Chilean population.
Revenue: Revenue from the cryptocurrency market in Chile is estimated at 243.5 million USD. It is expected that by the end of the year this figure will reach 558.6 million USD, and by 2026 it will exceed 590 million USD. The average revenue per user in 2025 is estimated at 93.6 USD.
Cryptocurrency Assets: Information about Chilean state cryptocurrency assets is currently not disclosed. The state policy aims to ensure financial stability and strengthen the regulation system for cryptocurrencies.
Conclusion
The Chilean fintech ecosystem is thriving, positioning the country as a leading center for financial innovations in the cryptocurrency sector in Latin America. Currently, the Chilean government is actively investing in effective cybersecurity measures to protect user data and maintain the trust of clients and investors. AI-based fraud detection systems have also been implemented to combat risks such as identity theft and phishing in the crypto space. I believe that if Chile maintains this stability, the country could soon become a leader in the crypto environment.
With us (in this group !), those (subscribers !) usually stay who are in search of fresh and relevant news, do not want to browse through dozens of different websites and news publications, and can afford to read all the most interesting news in one news feed !!! 😉
Enjoy your viewing !!! 😊
