Fintech Bill Approved and Ready to Be Sanctioned in Chile
A fintech bill, which seeks to regulate fintech and cryptocurrency-related activities in Chile, has been approved by the deputy chamber of the congress, leaving it ready to be sanctioned by the president of Chile, Gabriel Boric. According to individuals in the sector, the bill is directed to stimulate innovation and competition in an unregulated market. Fintech Bill Almost Law in Chile A fintech-related bill , that seeks to bring clarity to institutions providing digital and cryptocurrency-based services, has been approved by the deputy chamber of the congress in Chile. The project, which was approved without any votes against it in the Chilean senate, is now in the hands of President Gabriel Boric, who must sign it for it to be sanctioned. The bill includes in its scope the oversight of cryptocurrency exchanges, and defines cryptocurrency assets as a “digital representation of exchange units of money, goods or services.” It also broadens the regulatory reach of the Financial Mark