Alberto Naudon, vice president of the Central Bank, on stablecoins: "Regulation cannot kill competition or innovation"

▤ Summary

Chile’s central bank is shaping its approach to stablecoins and other digital assets, with a focus on regulating them by economic function rather than by underlying technology. Alberto Naudon said the framework should preserve technological neutrality, proportionality, competition, and innovation. He also noted that Chile is still working on a CBDC pilot, but the project is less urgent because the country already has a strong private-sector retail payment system. The discussion signals that the regulatory environment for digital payments and crypto-related products in Chile is moving toward clearer rules.

▦ Linked Companies