• The Mexican stock exchange is looking into cryptocurrency-related products

  • The Mexican stock exchange BMV (Bolsa Mexicana de Valores) has been considering listing crypto-based financial instruments such as futures, according to CEO José-Oriol Bosch Par during an Oct. 5 discussion streamed on YouTube.

    In response to an audience question about how to get started investing during the talk, BMV CEO José-Oriol Bosch Par stated that the stock exchange has evaluated crypto-related instruments. He clarified that one option would be to list cryptocurrency futures on the derivatives exchange MexDer, a subsidiary of the BMV.

    “Yes, it’s something we’ve discussed with financial authorities and analyzed,” Bosch said. Following an article from the Mexican financial news outlet El Economista.

    While Bosch stated during the video conversation that he sees cryptocurrency as part of the evolution of where money is headed, he understands that financial authorities are being cautious in order to avoid a repeat of the dot-com boom of the 1990s.

    According to El Economista, the BMV appears to be actively seeking approvals to list crypto futures on MexDer and exchange-traded funds via SIC, a BMV platform. According to the report, Bosch stated that Mexican financial authorities have been more conservative than others on the subject.

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