Chile

Regulated Confirmed Verified August 25, 2026

Chile regulates covered fintech and crypto-asset services under Law 21.521, with CMF registration and authorisation required for covered providers.

Financial Market Commission (CMF)

Total Laws (incl. applicable EU-wide)

Effective Laws

At a Glance

Is holding crypto allowed?

Allowed

Is crypto trading allowed?

Regulated

Is P2P trading allowed?

Allowed

Are crypto payments allowed?

Allowed

Is crypto legal tender?

Is mining allowed?

Allowed

Is staking allowed?

Regulated

Is DeFi participation allowed?

Regulated

Are stablecoins allowed or regulated?

Regulated

Activity Status Matrix

Activity	Status	Details
Holding Crypto	Allowed	Is holding crypto allowed?
Crypto Trading	Regulated	Is crypto trading allowed?
P2P Trading	Allowed	Is P2P trading allowed?
Crypto Payments	Allowed	Are crypto payments allowed?
Legal Tender	No	Is crypto legal tender?
Mining	Allowed	Is mining allowed?
Staking	Regulated	Is staking allowed?
DeFi	Regulated	Is DeFi participation allowed?
Stablecoins	Regulated	Are stablecoins allowed or regulated?
NFTs	Allowed	Are NFTs allowed or regulated?
Token Launches	Regulated	Are token launches allowed?
Crypto Advertising	Regulated	Is crypto advertising allowed?
Banking Access	Regulated	Do crypto businesses have banking access?

Regulation Overview

Chile’s Fintech Law created a regulatory perimeter for specified technology-enabled financial services. Providers whose crypto-related activity falls within a listed service must register and obtain CMF authorisation, comply with conduct, governance and information rules, and observe AML/CFT and tax requirements. Crypto is not Chilean legal tender.

Tax Information

Crypto tax is governed by Chile's national tax law, not by the crypto licensing framework. Classification depends on facts such as investment, trading, employment, mining, staking or business use; verify current filing, valuation and indirect-tax rules with Internal Revenue Service (SII).

Individual Tax Treatment

Individuals should keep acquisition cost, disposal proceeds, wallet, exchange and local-currency valuation records. Gains, income, gifts and foreign-account reporting can receive different treatment; confirm the current position with Internal Revenue Service (SII).

Business Tax Treatment

Businesses should apply normal corporate-tax, accounting, payroll and indirect-tax rules to crypto revenue, holdings and expenses. Licensing does not replace tax registration, invoicing, recordkeeping or reporting duties.

Internal Revenue Service (SII)

Business & Licensing

Covered service providers must obtain the licence, registration or approval required by Financial Market Commission (CMF); cross-border firms must verify whether passporting or local authorisation is available.

AML / KYC Requirements

Regulated providers must perform customer and beneficial-owner due diligence, sanctions screening, transaction monitoring, recordkeeping and suspicious-transaction reporting under applicable AML/CFT rules.

Primary Regulator

Financial Market Commission (CMF)

cmfchile.cl

Crypto Laws & Regulations in Chile

Regulationeffective

Chile: Fintech Law

Fintech Law

Published: February 3, 2023Effective: February 3, 2023Ref: Law 21.521

Establishes the principal current legal position for crypto-assets or virtual-asset services in Chile.

LicensingExchangesCustodyAML/KYCConsumer Protection

Official Source

Acteffective

Law No. 21,521 — Fintech Act

Ley N° 21.521 que fomenta la competencia e inclusión financiera a través de la innovación y tecnología en la prestación de servicios financieros (Ley Fintech)

Effective: February 3, 2023Ref: Ley N° 21.521

Chile's Fintech Act creates a regulatory framework for specified fintech services including alternative transaction systems, intermediation, custody and related services. It covers secondary markets involving crypto-assets/tokens within the CMF perimeter. Scope note: this is a broad Fintech Act, not a comprehensive all-purpose crypto statute.

LicensingExchangesPaymentsToken Issuance

Official Source