The Minister of Finance of the Felipe Larraín announced the introduction of a bill regulating and to Congress, Cointelegraph Spain on April 15.
During his recent stay in the , Larraín reportedly noted that the requirements introduced by the new will be proportional to businesses. He explained that the rules will take into account that various companies have different business models, and deliver different services that imply different risks for the users and the financial market.
Local media outlet Ahora Noticias that flexibility is among the most important aspects of the bill, since the pace of technological progress is so great. Per the report, Chile is home to a growing number of that are currently not regulated. Furthermore, Larrain also reportedly warned the public about the risks of this kind of investments, stating:
“ of these platforms would mitigate some of the risks, such as and terrorist financing, and increase the legal certainty with which they operate. We want to adequately protect against the risks associated with this kind of activity.”
As Cointelegraph recently , the Central Bank of expressed the idea that are unable to substitute traditional money.
Also, at the beginning of the current month, the anti-monopoly court has again to local exchanges by forcing banks to keep their accounts open.
Published at Sun, 21 Apr 2019 15:48:05 +0000