Chile

2.6% of Chileans own cryptocurrency

How many cryptocurrencies owners are there in Chile?

It is estimated that over 500 thousand people, 2.6% of Chile’s total population, currently own cryptocurrency.(¹)

Chile – Latin America's potential cryptocurrencies hub?

Chilean cryptocurrency exchange Cryptocurrencies MKT has integrated with a cryptocurrencies payment processor allowing the country’s citizens to purchase products and services with cryptocurrency from over 5,000 merchants. ⁽²⁾

How do Chileans view cryptocurrencies?

Chile has seen record peer-to-peer Bitcoin trading volumes of nearly $580 thousand Chilean Pesos in September 2020. Chilean cryptocurrency exchange CryptocurrenciesMarket has also seen daily trading volume in US dollars grow by nearly 270%, reaching about US$281,000. (3)

Cryptocurrencies’s rising popularity in Chile

• Coingeek: Chile Court orders banks to open accounts for cryptocurrency exchange – January 2021
  A court in Chile has ordered two of the country’s largest commercial banks to offer account services to a local cryptocurrency exchange, in a decision that could set a precedent for the wider cryptocurrency industry in the country.
  
  
• Bitcoin.com: Chilean NGO Prepares Draft to Include Cryptocurrencies in New Constitution – December 2020
  A pro-digital-currencies Chilean NGO hosted a series of conferences on cryptocurrencies and blockchain topics for educational purposes, named Cryptocurrenciesnight 2020, where they announced the preparation of a proposal to submit it in the context of the drafting of a new constitution and the release of a cryptocurrencies blacklist.
  
  
• Cointelegraph: Chile LocalBitcoins Volume Hits All-Time High Amid Pandemic… – April 2020
  LocalBitcoins data shows that the weekly trading volume in Chile’s fiat currency recently touched a new all-time high. Cryptocurrency market data platform CoinDance shows that LocalBitcoins volume in Chile reached a new record of over 330 million Chilean pesos in the week ending on April 4.
• Yahoo Finance: Chile introduces cryptocurrency regulation bill to Congress… – April 2019
  Local media outlet Ahora Noticias reported that flexibility is among the most important aspects of the bill, since the pace of technological progress is so great.
  
  
• Cointelegraph: Chile’s Central Bank considers cryptocurrency regulation… – May 2018
  The president of Chile’s Central Bank believes that cryptocurrency regulation could allow better monitory of risks in the market.