Bitcoin, the world's most popular digital currency, is quickly gaining traction in Argentina. The Argentina securities regulator recently authorized the launch of a bitcoin-based futures index on the Matba Rofex exchange, making it the first regulated bitcoin futures index in Latin America.

The bitcoin futures contract, which is set to begin trading in May, was approved as part of a strategic innovation program launched in the first quarter of 2022. Price flows for the contract will be provided by Argentinean exchanges, where the BTC/ARS pair is traded. Transactions will be settled in fiat currency, so traders will need to make bank transfers in pesos to the exchange.

The Argentina securities regulator also imposed certain requirements to the launch of the new product. Only qualified investors will have access to the index and the Matba Rofex exchange must issue warnings about the possible risks of cryptocurrency financial instruments. Additionally, to launch similar indices on other platforms in Argentina, it will be necessary for them to receive the status of a licensed platform.

The bitcoin futures contract is a major development in the region, as it indicates that digital currencies, such as bitcoin and other digital assets, are gaining wider acceptance and legitimacy. This is poised to open up new opportunities in the region and bring new influx of investors to the cryptocurrency markets. Acceptance of digital assets by the regulator will enable it to better control these markets and protect investors from potential risks.



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