A soon-to-debut Bitcoin futures index has received approval from the securities regulator of Argentina. According to reports, the Bitcoin futures index will launch in May on the Matba Rofex exchange.  

The exchange touts it as the first regulated Bitcoin futures in Latin America. The Argentinian securities regulator, the National Commission of Value (CNV), approved the futures contract as part of a strategic innovation agenda in the country.

Notably, this move started in Q1 of 2022 and focuses on fostering public-private collaboration for new products in the capital market.

Argentinian Exchange To Launch A Regulated Bitcoin Futures Index

The Bitcoin futures contract will depend on the BTC price on various Argentinian platforms offering BTC/ARS trading pairs. Its investors will settle trading transactions in Argentina’s national currency, Pesos, through bank transfers.

Related Reading: Shiba Inu Futures Open Interest Soars, But Volatility Remains Stagnant

Exchanges offering Bitcoin futures contracts must have a valid agreement with a duly registered payment services provider under the Central Bank of Argentina. That is the only condition for the financial regulators to approve the payment transactions.

The new Bitcoin futures index would provide safe BTC exposure to qualified investors in a transparent and regulated environment. Also, the CNV mandated the Matba Rofex exchange to implement alerts that warn investors of the associated risks. 

Argentinians Resort To Bitcoin For Inflation Hedge 

Inflation rates in Argentina have reached an overwhelmingly high level. Residents have Go to Source to See Full Article
Author: Eli Dambell

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