The Chilean Financial Market Commission revokes the licenses of crypto platforms such as Plusspay and requires the return of funds.
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According to Livecoins, the Chilean Financial Market Commission (CMF) has revoked the registration of the cryptocurrency platform Plusspay due to its association with the Venezuelan criminal organization Tren de Aragua and for providing financial support to the group. Institutions such as Pixeltec and Iuinvest, which failed to submit complete information as required by the Lei Fintec, were also disqualified from offering services in the Chilean market. The aforementioned institutions are prohibited from acquiring new clients and may only perform liquidation operations and refund funds to existing users.
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