Argentina Champions Crypto Innovation with ETFs and Bolsters Financial Ecosystem
by aria-crypto.com
December 10, 2024 at 15:39
Argentina Champions Crypto Innovation with ETFs and Bolsters Financial Ecosystem
Argentina's securities regulator, Comisión Nacional de Valores (CNV), has recently authorized the trading of US-based crypto exchange-traded funds (ETFs), including notable cryptocurrencies like Bitcoin and Ethereum, under the CEDEAR program. This marks a significant turnaround from prior restrictions under Law No. 27440, highlighting a six-year prohibition lift that enhances investment options within Argentina's financial markets. CNV President, Roberto E. Silva, praised the integration of these digital and traditional assets into the local market, linking them with global financial practices. Additionally, the availability of S&P 500 and Chinese stock market indices ETFs seeks to diversify the passive investment opportunities accessible to Argentine investors.
The broader regulatory approval also encompasses innovations in tech-based finance─notably, a blockchain-based payment solution by Nuvei Corporation for Latin American merchants, including those in Argentina. This system supports transactions in stablecoins, which could simplify cross-border payments and improve liquidity. Argentina's proactive stance is set to propel it as a leader in crypto innovations in Latin America, potentially accelerating its role in the worldwide crypto landscape. This initiative coincides with Argentina's continuing efforts to leverage blockchain technology as a cornerstone for President Javier Milei’s economic strategies aimed at stabilizing the economy amidst hyperinflation challenges.
Read more
>> Bitcoin and AI Innovation: How Nigeria is Positioning Itself as a Technological Leader
Nigeria is poised to become a trailblazer in technology through the establishment of Wini Institution in Epe, Lagos, Africa's first dedicated artificial intelligence (AI) university. This pioneering initiative ...
10 minutes ago
>> SEC Takes Legal Action Against Helium's Developer, Nova Labs, for Alleged Misleading Claims
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the developer of the Helium Network, accusing them of issuing misleading information about their partnerships. The SEC cl...
3 hours ago
>> eToro Aims for a US IPO: A Strategic Shift in the Crypto Trading Landscape
Israel-based eToro, a retail trading platform known for its crypto-friendly nature, is setting its sights on a US IPO, opting for the Securities and Exchange Commission for its filing rather than the London Sto...
>> SEC Transition Sparks Surge in Crypto ETF Applications, Including VanEck's Innovative Proposal
Several leading financial institutions are seizing the anticipated departure of SEC Chair Gary Gensler to file for a range of crypto-related ETFs. Bloomberg’s senior ETF analyst James Seyffart has highlighted a...
9 hours ago
>> EU Crypto Regulation Update: DORA and MiCA Bolster Cybersecurity and Market Integrity
Cryptocurrency firms across the European Union must enhance their cybersecurity measures as the new Digital Operational Resilience Act (DORA) takes effect on January 17. This regulation applies not only to bank...
>> Digital Currency Group Faces SEC Actions Over Misleading Crypto Disclosures
The U.S. Securities and Exchange Commission (SEC) has enforced a strict $38 million penalty against Digital Currency Group (DCG) and its subsidiary, Genesis. The penalty arises from charges of misleading invest...
>> MicroStrategy Expands Share Issuance to Fuel Its Bitcoin Buying Spree
MicroStrategy is set to dramatically expand its share structure by proposing an increase in authorized Class A shares from 330 million to 10.3 billion, in a strategic move to bolster its Bitcoin acquisition fun...
2 days ago
>> DCG and Genesis Face $38M SEC Penalty Over Misleading Financial Disclosures
Digital Currency Group (DCG) and its subsidiary Genesis have agreed to pay $38 million to settle charges by the U.S. Securities and Exchange Commission (SEC) for misleading investors about their financial healt...
>> EU Advances in Crypto Regulation: Crypto.com Secures MiCA License for Expansion
Crypto.com has been granted a MiCA license to broaden its service offerings across the European Union, marking a significant advancement under the new regulatory framework. This approval allows the exchange to ...
>> Sony and Ethereum Collide: Exploring Blockchain in Gaming with Soneium Network
Sony's newly launched Ethereum scaling network, Soneium, could revolutionize how blockchain technology integrates with mainstream gaming, particularly with Sony's PlayStation franchises. Soneium is designed to ...
2 days ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
