The Chilean tax authority (Servicio de Impuestos Internos - SII) has published Letter Ruling No. 1982 of 10 August 2026, which addresses the use of stablecoins as consideration for cross-border services, confirming that these digital assets are not recognized as legal currency under Chilean law, even if pegged to a recognized currency such as the U.S. dollar. According to the ruling, when a Chilean service provider receives stablecoins in lieu of an originally agreed monetary payment, the tra…