The bill has chosen to execute regulations proportionally instead of imposing a blanket ban. Felipe LarraÃn, the Minister of Finance of the Chilean government, is confident that the rules, if passed, can mitigate illegal activities using digital currencies. Felipe LarraÃn, the Minister of Finance of the Chilean government, has created a bull to regulate cryptocurrencies and other financial technologies. The bill has considered the regulatory needs of the various business models and has chosen to execute regulations proportionally instead of imposing a blanket ban. LarraÃn told the local daily Ahora Noticias: “Taking into account the different forms taken by the business models of these platforms and also the fact that different platforms can provide different services, the regulation will apply requirements proportionally, regulating according to the type of service provided and the risks that this implies for the users and for the financial market.” The news article explains that the crypto industry in Chile is growing but they don’t have the proper rules to regulate the industry. Larrian also emphasized the risks involved with crypto trading and he is confident that the rules, if passed, can mitigate illegal activities using digital currencies: “A regulation to these platforms would mitigate some of these risks, such as money laundering and financing of terrorism, and increase the legal certainty with which they operate. We want to adequately protect the risks associated with this activity.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD: Brexit regains market attention after Easter break, all eyes on 1.2970/60 FX Street 4 years The bill has chosen to execute regulations proportionally instead of imposing a blanket ban. Felipe LarraÃn, the Minister of Finance of the Chilean government, is confident that the rules, if passed, can mitigate illegal activities using digital currencies. Felipe LarraÃn, the Minister of Finance of the Chilean government, has created a bull to regulate cryptocurrencies and other financial technologies. The bill has considered the regulatory needs of the various business models and has chosen to execute regulations proportionally instead of imposing a blanket ban. LarraÃn told the local daily Ahora Noticias: "Taking into account the different forms taken by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.