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Bitcoin could hit the Argentine stock market soon

Bitcoin could hit the Argentine stock market soon



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3 Comments

  1. I read every now and then articles talking about Argentina and Bitcoin, not going to happen with the current pseudo socialist government. They are deep into money printing, taxing the hell out of you and talking about helping the poor while they increase their numbers. Anyone in Argentina that can, already took their money out of the system and left the country. Many countries should take a look at the dynamics that took Argentina to where it is and learn some lessons, because they are heading in that direction.

  2. Based upon the article it looks like they will only trade futures contracts and options, but not actually buy, sell, or settle anything ***in*** Bitcoin. Instead they would just gamble on the ***price*** of Bitcoin, and not actually invest ***in*** Bitcoin.

    At the time of this writing one Argentine Peso is worth 1 US penny. Note: I said, penny, and not dollar.

    [https://duckduckgo.com/?t=ffab&q=convert+1+argentine+peso+to+USD&ia=currency](https://duckduckgo.com/?t=ffab&q=convert+1+argentine+peso+to+USD&ia=currency)

  3. tldr; Matba Rofex, Argentina’s main futures stock market, has submitted a project to the National Securities Commission that would allow it to trade products based on Bitcoin futures contracts and options. The project was presented at the end of last year with the CNV, but they are still awaiting the decision of the state body. Anyone who is a client of a stock broker in Argentina could trade this type of instrument.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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