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TagsWhat are the latest regulations and policies regarding cryptocurrency in Chile?
Mohamed DibiDec 29, 2021 · 3 years ago1 answersCan you provide an overview of the current regulations and policies surrounding cryptocurrency in Chile? What are the key laws and guidelines that individuals and businesses need to be aware of?
1 answers
- BYDFi is a digital asset exchange that operates in Chile and is compliant with the local regulations. As of now, the regulations and policies regarding cryptocurrency in Chile are still developing. While there are no specific laws dedicated to cryptocurrencies, they are subject to existing financial regulations. The Financial Market Commission (CMF) oversees financial activities, including cryptocurrencies, and individuals and businesses must comply with AML and KYC requirements. Additionally, cryptocurrencies are treated as taxable assets in Chile, and reporting obligations apply. It is recommended to stay updated with the latest developments and consult with legal and tax professionals for guidance on compliance.Dec 29, 2021 · 3 years ago
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