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Argentina Approves First Regulated Bitcoin Futures Index
The securities regulator of Argentina has approved the first regulated Bitcoin futures index on the Matba Rofex exchange, with the futures contract based on the price of BTC provided by various entities in the country. This provides a safe and regulated way for qualified investors to gain exposure to Bitcoin in a transparent environment. The launch of the Bitcoin futures contract comes as Argentina struggles with high inflation and citizens turn to Bitcoin as a way to mitigate its effects.
Argentina Considers Launching First Crypto Futures-Backed ETF In Latin America
The National Securities Commission of Argentine could soon follow the U.S. regulators in approving the launch of Bitcoin futures ETFs.