Chile’s 2025 Crypto Revolution: Regulations, Risks, and Radical Shifts

Chile's financial landscape braces for a crypto quake as 2025 regulations rewrite the rules. Banks tremble while hodlers cheer—but who really wins?

The Regulatory Tightrope

Santiago's lawmakers walk a fine line between innovation and control. New licensing frameworks slap KYC demands on exchanges, yet Bitcoin ATMs multiply like wildflowers in the Atacama.

Tax Man Cometh (With Spreadsheets)

Capital gains reporting now mandatory for trades over 10M CLP ($12k). Crypto miners face energy audits—solar-powered operations get sweetheart rates while coal-fired rigs get squeezed.

Banking's Cold War Thaws

After years of resistance, major Chilean banks now offer crypto custodial services. Too little too late? P2P volume still dominates—proving trust moves slower than blockchain confirmations.

The Institutional Invasion

BlackRock's local ETF launch sparks a 47% institutional inflow surge. Traditional finance finally admits what street vendors knew: digital pesos spend just fine.

Chile's experiment could make or break LatAm's crypto future. One thing's certain—when regulators and anarcho-capitalists tango, someone's getting stepped on. (Probably retail investors.)

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

The primary crypto law in Chile is its ‘’ (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. 

Table of contents

• Crypto Regulations in Chile 
• Who regulates crypto in Chile?
• Crypto License in Chile 2025
• Crypto tax in Chile
• Crypto adoption rate in Chile
• Conclusion
• FAQs

Crypto Regulations in Chile 

• 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 

Who regulates crypto in Chile?

• 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.”

• 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 License in Chile 2025

Whole Chile does not have a specific ‘crypto license,’ the crypto asset service providers (CASPs) are expected to register with the Comisión para el Mercado Financiero (CMF). This will permit them the official authorization to operate legally in the country. 

The CMF has a 30-day window for registration and six months for authorization. Additionally, it requires CASPs to comply with financing and security rules and provide disclosure of details information about the operation. 

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%. 

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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FAQs

Yes, cryptocurrencies are legal in Chile. The country’s ‘Fintech Law’ (Law no. 21.521) provides a regulatory framework for financial innovation, including digital assets, although they are not legal tender.

Crypto assets are considered assets, not currency. They are subject to capital gains tax (0%-40% for individuals on sales), income tax (0%-40% for mining/staking/payments), and companies face 27% tax on mining.

The Financial Market Commission (CMF) oversees the financial market and digital asset service provider registration. The Central Bank of Chile (BCC) is drafting proposals to regulate stablecoins used as a means of payment.

Chile’s ‘Fintech Law’ (Law no. 21.521), effective January 2023, is the primary crypto law. It aims to foster financial innovation and inclusion, and includes provisions for digital asset regulation, licensing, and consumer protection.

The Central Bank of Chile (BCC) has issued a CBDC to facilitate crypto transactions and is actively drafting proposals to regulate stablecoins used as a means of payment, indicating a progressive approach to digital currencies.