Chile

2.6% of Chileans own cryptocurrency

How many cryptocurrency 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 cryptocurrency hub?

Chilean cryptocurrency exchange Cryptocurrencies MKT has integrated with a cryptocurrency 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’ 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.