Crypto Regulations In Chile 2025

In 2025, Chile is evolving its regulatory framework for fintech, cryptocurrency, and potential Bitcoin reserves. The Central Bank of Chile has even issued a central bank digital currency (CBDC) to facilitate swift crypto transactions. 

The primary crypto law in Chile is its ‘Fintech Law’ (Law no.21.521), which works on fostering financial innovation and inclusion. Currently, Chile is embracing all existing crypto and fintech regulations to create a comprehensive regulatory framework for cryptocurrency. 

Crypto Regulations in Chile

March 19, 2025- Circular No. 62

• The regulation, also known as the Updated Compilation of Rules (RAN), works on preventing risk related to money laundering (ML), financing terrorism (FT), and financing weapons of mass destruction.

• It also analyzes any suspicious transactions and mitigates the risks. The law will be in force on June 1, 2025.

Summary table of major crypto regulations in Chile 

Date	Regulation/ law	Details
July 3, 2024	Regulation governing the Open Finance System (OFS)	Also known as General Standard N 514, mentioned in Title III of Law 21.521.
April to May 2024	CMF proposed SFA	The regulation was up for public consultation
January 4, 2023	Fintech law 21.521	Primary regulatory law for crypto and digital assets
October 12, 2022	Approval of Fintech law	Enacted by President Gabriel Boric
September 2021	Draft of fintech law	The Chilean congress presented with a focus on competition and financial inclusion
August 2021	Introduced a new framework for digital products	To enhance digital products and services, enabling customers
Last updated in 2016	Article 33 of Decree Law No. 3,538	‘Crypto services’ require a thorough registration process, overseen by CMF

Who regulates crypto in Chile?

Financial Market Commission (CMF)  

• CMF oversees the financial market, including crypto-related activities. It authorizes the digital asset service providers registration and license.

• It recently proposed a draft addressing the digital assets, stating–

“It should be noted that this project does not include regulation of those digital assets that are used as a means of payment, a matter that the CMF is working together with the Central Bank.”

The Central Bank of Chile (BCC)

• It is the legal body drafting a proposal to regulate sablecoins used as a means of payment. After the implementation of the fintech law, the BCC became a more powerful authority operating finance of the country.

• In an unofficial statement, BCC stated that the virtual currencies have no legal recognition in the country and the crypto trade and transaction are not included in the regulation of supervision of the monetary authority.

Crypto tax in Chile

• Capital gains tax: Cryptocurrency is not treated as a legal tender or foreign currency in Chile, and they are not considered a foreign exchange transaction by the central bank. Since they are only considered as assets, cryptocurrencies are subject to capital gains tax under the general rules of Chile.

• Tax rate: Individuals will be taxed on the sale of cryptocurrencies at 0% to 40%, as a general equivalence surcharge will be applied.

• NFT: Crypto asset exchange for a conventional FIAT currency is subject to capital gains tax. The NFTs are treated the same way as cryptocurrencies.

• Mining: Cryptocurrency through mining is distinguished from the above tax and is considered taxable under the Chilean tax regime. Individuals are subject to 25% tax, which is levied at marginal rates ranging from 0%-40%. Companies in crypto mining are taxed at 27%.

Transaction	Tax	Taxrate	VAT
Selling crypto for FIAT	Capital gains	25%	NA
Swapping crypto for crypto	Capital gains	25%	NA
Using crypto for goods and services	Capital gains	25%	NA
Mining, taking, airdrops	Income tac	0-40%	NA
Receiving crypto as payment	Income tax	0-40%	NA

Crypto adoption rate in Chile

• Adoption rate: Currently, 3.69 million people are using cryptocurrency in Chile, which accounts for 18.73% of the population. By 2026, the number is expected to reach 6.34 million, representing 31.76% of the Chilean population.

• Revenue: The currency cryptocurrency market revenue in Chile is estimated at US$243.5 million. The rate is expected to reach US$558.6 million by the end of the year, and by 2026, it is anticipated to cross US$590 million. Average revenue per user is estimated to be US$93.6 in 2025.

• Crypto holdings: No public disclosure has been given on Chilean government crypto holdings yet. The government policies are prioritizing financial stability and enhancing the crypto regulatory system.

Conclusion

Chile’s fintech ecosystem is thriving, positioning the country as a leading hub for financial innovation with crypto in Latin America. Currently, the Chilean government is investing heavily in robust cybersecurity measures to protect user data and maintain trust among customers and investors. It has also introduced AI-driven fraud detection to address risks like identity theft and phishing in the crypto space. I believe if Chile maintains this stability, it may soon become a leader in the crypto hub.

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