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Argentina Opens Foreign Crypto ETF Investment Opportunities

Argentina's securities watchdog, the CNV, has approved the introduction of investment opportunities in crypto exchange-traded funds (ETFs) in the country's stock market. These investments, including Bitcoin and Ethereum ETFs, will be available as Argentine deposit certificates (CEDEARs), issued by banks holding agreements with foreign companies. The move aligns Argentina with international markets and is part of President Milei's libertarian policies. The CNV expects to launch more instruments that allow national investors to invest in foreign assets and expand the range of investment opportunities in the country. The Argentine government has also made strides in using crypto as capital, with the creation of the first company backed by BTC and stablecoins and the legalization of smart contracts.

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