Argentina’s securities regulator, the National Commission of Value (CNV), has approved a Bitcoin-based futures index that is set to debut on the Matba Rofex exchange.
The exchange claims that the Bitcoin futures contract will be the first regulated Bitcoin futures index in Latin America. The contract, based on the price of Bitcoin, will be settled in the national fiat currency and trades will be required to be settled through bank transfer.
The regulated Bitcoin futures index will offer qualified investors a transparent and regulated way to gain exposure to Bitcoin.
Meanwhile, the CNV has also asked Matba Rofex to incorporate alerts that warn investors of the risks associated with financial instruments. The move comes as Argentina struggles with high inflation, and its citizens increasingly turn to Bitcoin to mitigate its effects.
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