Mexican Inventory Change Is Contemplating Itemizing Crypto Futures, CEO Says

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The Mexican Inventory Change (BMV) is contemplating itemizing crypto futures on its derivatives alternate, BMV’s CEO José-Oriol Bosch mentioned.

  • In an official interview revealed by the alternate on Monday, the chief mentioned that the initiative was analyzed and mentioned with the monetary authorities that regulate the BMV.
  • “I perceive that monetary authorities need to watch out and forestall us from having a increase just like the one we had with dot coms,” Bosch mentioned, including that the BMV might observe the lead of exchanges in different international locations that listing cryptocurrency futures.
  • On Sept. 30, Bosch mentioned at a discussion board that the BMV was in search of authorization to listing cryptocurrency futures on its derivatives alternate, the Mexican Derivatives Change (MexDer), Mexican newspaper El Economista reported. Bosch additionally mentioned the BMV was in search of approval for digital belongings ETFs on its Worldwide Citation System (SIC), a platform the place overseas securities are traded.
  • “We’re within the means of getting authorization to listing cryptocurrency futures on the MexDer, however Mexico’s monetary authorities have been extra conservative than others on the difficulty,” Bosch mentioned on the time.
  • The BMV didn’t reply to CoinDesk’s requests for extra data.
  • In June, B3, a Brazil-based alternate, listed the primary bitcoin exchange-traded fund in Latin America. The fund was created by blockchain funding agency QR Capital, which additionally later listed an ether ETF on B3.

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