Mexico Stock Exchange Analyzes Crypto-Focused Products

[ad_1]

advertising

Mexican exchange BMV (Bolsa Mexicana de Valores) has assessed the possibility of listing crypto-based financial instruments like futures, CEO Jos-Oriol Bosch Par said in an Oct. 5 discussion broadcast on YouTube.

Responding to a question from the audience at the conference, which mainly focused on how to start investing, BMV CEO Jos-Oriol Bosch Par said the exchange has valued crypto-related instruments. He said one possibility would be to list crypto futures through the MexDer derivatives exchange, a subsidiary of BMV.

Yes, this is something that we have spoken with the financial authorities, that we have analyzed, Bosch said. CoinDesk first reported the news in English following an article by Mexican financial media El Economista.

While Bosch said in the video chat that he sees crypto as part of the changing direction of money, he understands that financial authorities are taking a cautious approach to avoid a situation like the dowry boom. -com from the 1990s.

According to a report published in El Economista, the BMV appears to be actively seeking approvals to list crypto futures on MexDer and exchange-traded funds through a BMV platform called SIC. The report quotes Bosch as saying that Mexico’s financial authorities have been more conservative than others on the subject.

Trends Stories

[ad_2]