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.
Acteffective
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)
Also known as: Law No. 21,521 — Fintech Act
Chile Chile Financial Market Commission (CMF)
Overview
Key Details
Jurisdiction
ChileRegulator
Chile Financial Market Commission (CMF)
Law Type
Act
Status
In ForceOfficial Law Number
Ley N° 21.521
Official Title
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)
Enacted Date
December 22, 2022
Effective Date
February 3, 2023
Topics Covered
Who This Law Applies To
Fintech service providers and regulated platforms within Chile's CMF perimeter, including those dealing in certain crypto-asset or token activities.
Key Requirements
- Creates a regulatory framework for specified fintech services in Chile.
- Covers alternative transaction systems, intermediation, custody and related services including certain crypto/token activities.
- Introduces registration, authorisation and open-finance elements.
Official Sources
Official instrument pageScope caveat: broad Fintech Act, not a comprehensive all-purpose crypto statute.
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