What is the CMF?

TheCommission for the Financial Market (CMF)It is the body in charge of supervising and regulating a large part of the financial system in Chile.

Its function is to promote transparent, safe and reliable financial markets for people and companies.

What exactly did the CMF authorize?

After reviewing the background information presented by Bitsafve SpA, the CMF decided to authorize the company to provide the services of:

In addition, Bitsafve SpA is registered as a financial services provider in the CMF registry.

This type of authorization represents an important step in Bitsave's growth.

It means that the company complied with the background and requirements required by the Chilean authority to provide these services.

For users, this reflects Bitsave's commitment to operating under a regulatory framework and continuing to strengthen its infrastructure.

Custody consists of safeguarding financial instruments following the rules applicable to that service.

It is a key function because it seeks to ensure that the managed assets have adequate protection and management processes.

Intermediation consists of facilitating operations related to financial instruments within the corresponding regulatory framework.

It is one of the services that the CMF expressly authorized for Bitsafve SpA.

At Bitsave we work to make saving in digital dollars and Bitcoin increasingly simple, accessible and backed by a solid infrastructure.

This authorization is one more step along that path.

The authorization granted by the Chilean Financial Market Commission represents a new milestone for Bitsave.

We will continue working to offer a simple, transparent experience focused on helping more people build their financial future.

Resolution of the Financial Market Commission (CMF) that authorizes Bitsafve SpA to provide Intermediation and Custody services for Financial Instruments.
Note published by Diario Economía on the authorization granted by the CMF.