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Argentina’s National Securities Commission Approves Bitcoin Futures
The agency authorized the regulation of a futures contract based on a bitcoin index of Matba Rofex, an Argentinian stock exchange.
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.
STORY CONTINUES BELOW
“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.
Andrés Engler
Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He follows the regional scene of startups, funds and corporations. His work has been featured in La Nación newspaper and Monocle magazine, among other media. He graduated from the Catholic University of Argentina. He holds BTC.
