Argentina’s National Securities Commission Approves Bitcoin Futures
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Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.
Featured SpeakerAlex Thorn
Head of Firmwide ResearchGalaxy
Hear Alex Thorn share his take on “Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Argentina’s National Securities Commission (CNV) authorized the launch of a bitcoin (BTC) index-based futures contract on Tuesday, according to a statement.
The contract is to be based on the bitcoin index of Matba Rofex, an Argentinian stock exchange, with negotiation and settlement in Argentinian pesos.
“The measure adopted through a resolution is intended to adapt to the regulatory challenges imposed by new technologies for the provision of financial products,” said the CNV. “ It also seeks to promote the development of new and innovative products by its regulated entities in the capital market.”
In February, the CNV said it would establish and regulate requirements to be followed by crypto companies in that country, a competence specified in a reform of the money laundering prevention law that is being discussed in the Argentine Congress.
Edited by Stephen Alpher.
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Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.
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Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.
