Jurisdiction reference
Chile
Regulator: CMF Chile. License/registration context: Licensing. 12 VASP/entity records are tracked by Plexo Institute in Chile. Official registry source: CMF FinTech. Data last updated: 2026-09-24.
Fintech Law 21,521 enacted 2023; operational; legally recognizes fiat-backed stablecoins as payment instruments under distributed ledger technologies; Central Bank of Chile (BCCh) and CMF (Financial Market Commission) primary regulators; not legal tender but permitted for payments by mutual agreement; licensing required by February 3, 2025 for all crypto providers (exchanges, custodians, brokers, advisors); $400 registration fee; 6-month assessment (cybersecurity, solvency, governance); open finance framework supports interoperability via standardized APIs; stablecoins regulated as payment methods by BCCh; functional approach rather than rigid classifications; tax regime treats crypto as investment assets.
Regulatory Status
- Jurisdiction code
- CL
- Regime
- Licensing
- Regulator
- CMF Chile
- Governing law
- FinTech & Banking Law 2023
- Travel Rule
- Legislated
- Tracked entities
- 12
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- CLP
Regulatory approach
BCCh: Central bank regulates stablecoins as payment instruments; sets prudential regulation for payment methods; considering CBDC development; oversees monetary aspects. CMF: Licenses crypto service providers (exchanges, custodians, brokers, advisors); monitors compliance with Fintech Law 21,521; enforces cybersecurity, solvency, governance standards. SII: Tax authority responsible for crypto taxation. Multi-regulator model with clear functional separation: BCCh for payment systems, CMF for market conduct, SII for taxation
Licensed entities in Chile
12 regulated-entity records tracked in Chile by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| Binance Chile | Registered | Virtual Asset Platform |
| Bitso Chile | Registered | Virtual Asset Platform |
| Buda.com | Registered | Virtual Asset Platform |
| Coinbase Chile | Registered | Virtual Asset Platform |
| CryptoMKT | Registered | Virtual Asset Platform |
| Fintual | Registered | Virtual Asset Brokerage |
| Flow | Registered | Payment Service — Virtual Assets |
| Khipu | Registered | Payment Service — Virtual Assets |
| Mercado Pago Chile | Registered | Payment Service — Virtual Assets |
| OrionX | Registered | Virtual Asset Platform |
| Toku | Registered | Virtual Asset Platform |
| Vita Wallet | Registered | Payment Service — Virtual Assets |
Stablecoin laws in Chile
Primary legal texts Plexo Institute tracks for Chile.
- Fintech Law (Law 21.521) (enacted 2023-01-01)
Defines and regulates stablecoins as fiat-backed digital payment instruments; assigns oversight to BCCh and CMF for service providers and issuance.
Relationship Graph
Jurisdiction FAQ
Who regulates Chile?
The current Plexo Institute record lists CMF Chile as the regulator for Chile.
How many VASPs are tracked in Chile?
12 VASP/entity records are tracked by Plexo Institute in Chile.
What is the Travel Rule status in Chile?
The current Plexo Institute record lists the Travel Rule status for Chile as Legislated.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.