Argentina’s financial markets regulator, the National Securities Commission (CNV), has approved the first Bitcoin-based futures contract, which offers investors exposure to the leading cryptocurrency. This is the first time the regulator has approved such a product in the country.
The forward contract is based on the Bitcoin
Bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
Read this term index listed by the Argentinian stock exchange, Matba Rofex. Following the listing, Matba Rofex released the guidelines on how the futures contract will be traded in a statement yesterday (Thursday).
“The measure, which was adopted through a resolution, aims to facilitate adaptation to the regulatory challenges imposed by new technologies in the provision of financial products,” the CNV said in a statement. statement translated from Spanish.
One of the guidelines is that the futures contract will only be traded by qualified investors, as defined by the CNV. Under the guideline, payment service providers offering the futures contract are required to verify whether their users are qualified to trade.
Additionally, the CNV said in the statement that Matba Rofex must ensure that payment service providers are registered with Argentina’s central bank. This is one of the measures the regulator takes to protect investors against fraud.
Matba Rofex has warned investors about the risks involved in trading the new Bitcoin futures contract. One of the risks is Bitcoin price fluctuation which can lead to financial losses. Moreover, the Exchange platform
Exchange platform
In the FX space, a currency trading platform is software provided by brokers to their respective clientele, gaining access as traders to the larger market. Most often this reflects an online interface or mobile app, complete with order processing tools. Each broker needs one or more trading platforms to meet the needs of different clients. The backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
In the FX space, a currency trading platform is software provided by brokers to their respective clientele, gaining access as traders to the larger market. Most often this reflects an online interface or mobile app, complete with order processing tools. Each broker needs one or more trading platforms to meet the needs of different clients. The backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this term explained that the CNV does not control the activities of the payment service providers offering the contract.
Argentina softens its stance on crypto
Argentina has attracted major cryptocurrency companies offering digital currencies to users in the region who are currently facing a high rate of inflation. Finance Magnates reported in April that Binance, the largest cryptocurrency exchange by trading volume, was expanding its services in the country.
Currently, Binance allows users in Argentina to buy and sell cryptocurrencies using pesos. The service is accessible via one of the stock exchange’s financial partners. Initially, Binance allowed peer-to-peer cryptocurrency transactions.
However, Argentina has not yet allowed regulated financial institutions, including banks, to offer cryptocurrency services in the country. Last year, the country’s central bank warned financial institutions that they could not offer digital asset services. The warning was issued after two banks confirmed they were facilitating such transactions.
Argentina’s financial markets regulator, the National Securities Commission (CNV), has approved the first Bitcoin-based futures contract, which offers investors exposure to the leading cryptocurrency. This is the first time the regulator has approved such a product in the country.
The forward contract is based on the Bitcoin
Bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
Read this term index listed by the Argentinian stock exchange, Matba Rofex. Following the listing, Matba Rofex released the guidelines on how the futures contract will be traded in a statement yesterday (Thursday).
“The measure, which was adopted through a resolution, aims to facilitate adaptation to the regulatory challenges imposed by new technologies in the provision of financial products,” the CNV said in a statement. statement translated from Spanish.
One of the guidelines is that the futures contract will only be traded by qualified investors, as defined by the CNV. Under the guideline, payment service providers offering the futures contract are required to verify whether their users are qualified to trade.
Additionally, the CNV said in the statement that Matba Rofex must ensure that payment service providers are registered with Argentina’s central bank. This is one of the measures the regulator takes to protect investors against fraud.
Matba Rofex has warned investors about the risks involved in trading the new Bitcoin futures contract. One of the risks is Bitcoin price fluctuation which can lead to financial losses. Moreover, the Exchange platform
Exchange platform
In the FX space, a currency trading platform is software provided by brokers to their respective clientele, gaining access as traders to the larger market. Most often this reflects an online interface or mobile app, complete with order processing tools. Each broker needs one or more trading platforms to meet the needs of different clients. The backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
In the FX space, a currency trading platform is software provided by brokers to their respective clientele, gaining access as traders to the larger market. Most often this reflects an online interface or mobile app, complete with order processing tools. Each broker needs one or more trading platforms to meet the needs of different clients. The backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this term explained that the CNV does not control the activities of the payment service providers offering the contract.
Argentina softens its stance on crypto
Argentina has attracted major cryptocurrency companies offering digital currencies to users in the region who are currently facing a high rate of inflation. Finance Magnates reported in April that Binance, the largest cryptocurrency exchange by trading volume, was expanding its services in the country.
Currently, Binance allows users in Argentina to buy and sell cryptocurrencies using pesos. The service is accessible via one of the stock exchange’s financial partners. Initially, Binance allowed peer-to-peer cryptocurrency transactions.
However, Argentina has not yet allowed regulated financial institutions, including banks, to offer cryptocurrency services in the country. Last year, the country’s central bank warned financial institutions that they could not offer digital asset services. The warning was issued after two banks confirmed they were facilitating such transactions.
