Chile’s Central Bank Mulls Stricter Crypto-Regulation

[Henrikbliss]

With the growing adoption of cryptocurrency across the globe, regulation of this asset class has become a major concern for global financial regulators.

While some countries such as Japan, South Korea and Thailand are implementing laws that would foster the cryptocurrency industry while minimizing its associated risk, other nations such as India, have taken a stricter stance that may result in an outright ban of crypto-related transactions and Chile look to be next up on the register.

Currently Cryptocurrencies are not currently as money or securities in Chile. However, there are no laws in place that prevent citizens from executing crypto transactions.

The President of Banco Central De Chile is considering establishing strict regulations for cryptocurrencies in order to monitor risks and protect investors.

Read More: https://news.bitzamp.com/chilean-central-bank-to-consider-cryptocurrency-regulation/

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