Argentina securities regulator approves Bitcoin futures index

CointelegraphPubblicato 2023-04-12Pubblicato ultima volta 2023-04-12

Introduzione

A recent bill proposed by the Ministry of Economy encouraged citizens to declare their crypto holdings and incentivizes them with tax benefits.

The securities regulator of Argentina has approved a Bitcoin-based futures index set to debut on the Matba Rofex exchange. The Bitcoin futures contract will start trading in May and the exchange claimed it will be the first regulated Bitcoin futures in Latin America.
The National Commission Of Value (CNV), the country's securities regulator, approved the Bitcoin (BTC) futures index as part of a strategic innovation agenda. The innovation agenda launched in the first quarter of 2022 is focused on creating a space for public-private collaboration aimed at creating new and creative products in the capital market.
The Bitcoin futures contract will be based on the price of BTC provided by various entities in the nation offering BTC/ARS trading pairs. All trades will be settled in the national fiat currency and traders will be required to deposit Argentine pesos through bank transfer.
For the provision and use of the payment services in the nation, the exchange providing these contracts must make sure they have a valid contract with a Payment Services Provider (PSP) registered with the Central Bank of the Argentine Republic (BCRA).
The regulated Bitcoin futures index would offer qualified investors a safe way to gain Bitcoin exposure in a transparent and regulated environment. At the same time, the CNV has also asked Matba Rofex Exchange to incorporate alerts that warn investors of the risks associated with such financial instruments.
Argentina is currently struggling with high inflation and the nation has turned to Bitcoin for some solace. The country’s peer-to-peer Bitcoin trading volume has also touched new highs amid soaring inflation.

P2P Bitcoin Trading Volume. Source: CoinDance
A recent bill proposed by the Ministry of Economy encouraged citizens to declare their crypto holdings and incentivizes them with tax benefits. The South American nation has built a pro-crypto stance over the years and crypto adoption has nearly doubled compared to neighbouring countries.

The launch of the Bitcoin futures contract also comes within a week after Binance announced Argentina. Binance CEO Changpeng Zhao shared the news of the latest approval

Letture associate

Fable 5 is about to make a comeback, code exposed? Anthropic CEO kicked out of the White House

Fable 5, a previously restricted AI model from Anthropic, appears poised for a comeback. Evidence from leaked code in the Claude Code v2.1.190 version suggests a shift in its business model from a separate purchase to a potentially limited weekly usage allowance within standard Claude subscriptions. Furthermore, the model has reportedly reappeared in Amazon Bedrock documentation. This potential revival coincides with significant internal changes at Anthropic. According to a report by The Wired, CEO Dario Amodei was reportedly sidelined from negotiations with the Trump administration over Fable 5's export restrictions. Government officials found him difficult to communicate with. Co-founder Tom Brown and policy head Sarah Heck took over discussions, leading to more productive technical talks aimed at addressing White House security concerns about the model being "jailbroken." External pressure is mounting as a bipartisan group of US lawmakers has demanded answers from the Commerce Department by a June 26 deadline regarding the criteria and timeline for potentially reinstating public access to Fable 5. The potential return of Fable 5 comes as competitors OpenAI and Google have reportedly delayed their own major model releases. If Anthropic successfully navigates the government's security review, Fable 5 could gain a significant "safety-certified" advantage in the enterprise market. The countdown to the June 26 deadline is now underway.

marsbit4 min fa

Fable 5 is about to make a comeback, code exposed? Anthropic CEO kicked out of the White House

marsbit4 min fa

Trading

Spot
Futures
活动图片