Chile's crackdown this time is quite harsh, wiping out platforms that have ties to criminal organizations; compliance thresholds will only get higher from now on.

CoinWorld News, according to a report by livecoins, the Chilean Financial Market Commission (CMF) revoked the registration of cryptocurrency platform Plusspay due to its ties and financial support to the Venezuelan criminal organization Tren de Aragua. Meanwhile, institutions such as pixeltec and iuinvest, which failed to submit complete information as required by LEI Fintec, were also disqualified from the Chilean market. These entities are prohibited from acquiring new clients and can only perform liquidation services and return funds to existing users.