The wave of cryptocurrencies in Latin America is nonetheless in robust trend. Recently, the Mexican Stock Exchange (BMV) is looking at listing cryptocurrency futures on its derivatives exchange.
In an official interview published by the exchange on October four, BMW CEO José-Oriol Bosch stated the initiative has been analyzed and mentioned with economic authorities.
I realize that the economic authorities want to be cautious and retain us from getting a boom like the one particular we had with dot-coms. BMV could lead exchanges in other nations to record cryptocurrency futures.
On September thirty, Bosch stated in a forum that BMV is searching for permission to record cryptocurrency futures on its derivatives exchange. At the similar time, he also shared that BMV is searching for approval for exchange-traded money (ETFs) on the International Quotation System (SIC), a platform the place foreign stocks are traded.
We are in the procedure of applying for authorization to record cryptocurrency futures on MexDer, but Mexican economic authorities are extra cautious than other individuals in this regard.
In March of this 12 months, the very first South American Bitcoin ETF was accepted in Brazil. Furthermore, Brazil is quite near to the official use of Bitcoin as fiat currency, turning out to be the very first nation to adhere to in El Salvador’s footsteps. This displays that the crypto trend in Latin America has not proven any indicators of cooling, with the present BTC motion, all the things is turning out to be pretty fantastic for the fall of the domino.
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