REGULATIONBITCOIN

Argentine Securities Commission Approves Bitcoin Index Futures, Zhao Changpeng: Bitcoin is Moving Towards Compliance

share
Argentine Securities Commission Approves Bitcoin Index Futures, Zhao Changpeng: Bitcoin is Moving Towards Compliance

According to the official website of Argentina government announcement, the Comisión Nacional de Valores (CNV), Argentina's National Securities Commission, approved Bitcoin index futures contracts on April 11, which will be listed on the Matba Rofex exchange.

First Regulated Bitcoin Derivative

Based on new strategic considerations, the Argentine Securities Commission CNV has authorized Matba Rofex to list Bitcoin index futures contracts, which will be settled in Argentine pesos (ARS) without the need for delivery of the underlying asset BTC. The index source will be provided by multiple service providers.

This development comes as a result of a year of new strategic development. Unlike the U.S. SEC, CNV emphasizes that it does not have jurisdiction and will not regulate it, but will require Matba Rofex to sign contracts with payment service providers, register with the Central Bank of Argentina, and disclose to the public the potential related risks.

CNV believes that this approach will allow "qualified investors" to trade derivatives in regulated financial infrastructure, enabling them to access Bitcoin in a safe and transparent manner.

CZ: Bitcoin Legalized in Argentina

Binance founder Changpeng Zhao also shared this news on Twitter.

Coincidentally, Reuters reported in early April that Binance had further expanded its trading operations in Argentina, allowing Argentine users to trade certain cryptocurrencies on Binance with the local fiat currency ARS through local third-party partners, including BTC, ETH, BNB, as well as USD stablecoins BUSD and USDT.