Chile's Fintech Law of 2023 brought crypto service providers into the financial regulatory perimeter as a matter of ordinary course: platforms offering exchange, custody, or intermediation of crypto assets register with and are supervised by the CMF, with capital, governance, and disclosure requirements phased in through implementing regulations across 2024 and 2025. The law's open-finance framework and its technology-neutral definition of financial instruments mean tokenized securities fall naturally under existing rules, and the central bank has been updating payments regulation to accommodate stablecoins used in payment systems.
Chile's approach is the region's quietest: no dedicated crypto statute, no bans, steady incorporation into the same supervisory architecture that governs the rest of finance.
The instruments
Fintech Law
Requires registration and CMF supervision of crypto asset service providers alongside other fintech services, with proportionate capital, governance, custody, and information obligations phased through secondary regulation.