The National Securities Commission (CNV), the regulator of Argentine financial markets, has approved the first Bitcoin-based futures contract, which gives investors exposure to the best cryptocurrency. It is the first time that the regulator has approved such a product in the country.
The forward contract is based on bitcoin
bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hannich made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hannich made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
Read this term The index is listed by the Argentine stock exchange Matba Rofex. Following the listing, Matba Rofex released the guidelines on how to trade futures contracts in a statement yesterday (Thursday).
“The measure, which was adopted by resolution, is intended to facilitate adaptation to the regulatory challenges posed by new technologies in the provision of financial products,” CNV said in a statement. statement Translator from Spanish.
One of the guidelines is that futures contracts will only be traded by qualified investors, as defined by CNV. Under the guideline, payment service providers offering forward contracts are required to verify whether their users are eligible to trade.
In addition, CNV said in the statement that Matba Rofex must ensure that payment service providers are registered with the Central Bank of Argentina. It is one of the measures taken by the regulator to protect investors from fraud.
Matba Rofex has warned investors about the risks involved in trading new Bitcoin futures contracts. One of the risks is the fluctuations in the price of Bitcoin which can lead to financial losses. In addition, the trading platform
trading platform
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
Read this term Clarify that CNV does not control the activities of the payment service providers providing the contract.
Argentina softens its stance on cryptocurrency
Argentina has attracted major cryptocurrency companies offering digital currencies to users in the region who are currently facing high inflation. Finance Magnates reported in April that Binance, the largest cryptocurrency exchange by trading volume, is expanding its services in the country.
Currently, the Binance platform allows users in Argentina to buy and sell cryptocurrencies using pesos. The service can be accessed through one of the financial partners of the stock exchange. 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 provide digital asset services. The warning was issued after two banks confirmed that they are facilitating such transactions.
The National Securities Commission (CNV), the regulator of Argentine financial markets, has approved the first Bitcoin-based futures contract, which gives investors exposure to the best cryptocurrency. It is the first time that the regulator has approved such a product in the country.
The forward contract is based on bitcoin
bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hannich made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hannich made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
Read this term The index is listed by the Argentine stock exchange Matba Rofex. Following the listing, Matba Rofex released the guidelines on how to trade futures contracts in a statement yesterday (Thursday).
“The measure, which was adopted by resolution, is intended to facilitate adaptation to the regulatory challenges posed by new technologies in the provision of financial products,” CNV said in a statement. statement Translator from Spanish.
One of the guidelines is that futures contracts will only be traded by qualified investors, as defined by CNV. Under the guideline, payment service providers offering forward contracts are required to verify whether their users are eligible to trade.
In addition, CNV said in the statement that Matba Rofex must ensure that payment service providers are registered with the Central Bank of Argentina. It is one of the measures taken by the regulator to protect investors from fraud.
Matba Rofex has warned investors about the risks involved in trading new Bitcoin futures contracts. One of the risks is the fluctuations in the price of Bitcoin which can lead to financial losses. In addition, the trading platform
trading platform
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
Read this term Clarify that CNV does not control the activities of the payment service providers providing the contract.
Argentina softens its stance on cryptocurrency
Argentina has attracted major cryptocurrency companies offering digital currencies to users in the region who are currently facing high inflation. Finance Magnates reported in April that Binance, the largest cryptocurrency exchange by trading volume, is expanding its services in the country.
Currently, the Binance platform allows users in Argentina to buy and sell cryptocurrencies using pesos. The service can be accessed through one of the financial partners of the stock exchange. 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 provide digital asset services. The warning was issued after two banks confirmed that they are facilitating such transactions.
