The Govt. of Chile will soon introduce new cryptocurrency regulations for empowering the related business as well as security. The official announcement comes from Chilean finance minister Felipe Larraín. He mentions that the new cryptocurrency regulation will be beneficial to business running over various domains. The rules will be in accordance with the business models of various firms. New regulations will be flexible enough for the users.

Apparently, the South-American nation is enjoying steady growth in the cryptocurrency exchanges. However, these trading exchanges are not following any such strict regulations as of now. In his statement, Felipe also says that implementing the new cryptocurrency regulation will minimize issues like money laundering, financing of terrorist activities. With the rise in digital crimes, the implementation of strict rules will encourage safe operation of the crypto trading firms. There will a legal limit for the tradings and fund transactions.