A pro-Crypto Chilean NGO hosted a series of conferences on cryptocurrencies and blockchain topics for educational purposes called Cryptonight 2020, where they announced the preparation of a proposal to submit it in the context of drafting a new constitution and its release from a crypto blacklist.

Chilean NGO to submit proposal to include crypto-related matters in drafting new constitution

Miguel Klagges, founder and president of ONG Bitcoin Chile, published a list of alleged crypto scams with a background of stealing money from investors, who are promised to get high returns in exchange for investment through multi-tiered fake marketing programs.

The list has 29 websites blacklisted from the ONG Bitcoin Chile site as of press time, and according to Klagges, they will continue to update them based on what regulators and press media around the world are reporting about crypto scams.

But such alleged fraudulent sites not only offer bogus investment funds, they also provide trading signals or referral schemes, masquerading as academies to attract people at first, who turn out to be Ponzi scams.

Constitutional protections for the Chilean crypto industry?

The NGO’s second announcement is related to the drafting of a new constitution, which was approved in a referendum in October.

Klagges, accompanied by Patricio Bravo, a Chilean lawyer specializing in constitutional law, said they are working on designing a legal proposal to be presented to the constitutionalists. They are expected to be elected in 2021 in charge of drafting the new Carta Magna. Such a design aims to “promote and protect” the crypto and blockchain industry in the country.

The initiative will have the participation of local crypto representatives who will seek in the design sufficient constitutional guarantees for the development of the crypto sphere across the country.

Jaime Bunzli, director of Buda.com, commented during the panel about how bitcoin (BTC) is now observed in society:

Fears about the nature of Bitcoin, including the origins of the blockchain, have been increasingly lost. It is already clear that it is something that is already there. What you need to do now is to begin to understand. One advantage that bitcoin has at the moment is that it can open the doors to leverage other tools and other areas of blockchain technology.

What do you think about the Chilean crypto industry that may be considered in their upcoming new Carta Magna? Let us know in the comments below.

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