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.

AccessTimeIconApr 12, 2023 at 3:12 p.m. UTC
Updated Apr 12, 2023 at 4:02 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Andrés Engler

Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.