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Argentina's CNV Approves Foreign Bitcoin and Ethereum ETFs, Ualá Launches CEDEARs to Boost Investment Opportunities

Dec 9, 2024, 10:44 PM

Argentina's National Securities Commission (CNV) has announced a significant regulatory change allowing foreign investment offerings linked to various cryptocurrency exchange-traded funds (ETFs), including Bitcoin and Ethereum. This move aims to enhance the country's investment landscape and attract foreign capital. The announcement was made by Roberto Silva, signaling a broader acceptance of cryptocurrencies in Argentina's financial system. In conjunction with this development, Ualá has launched Bitcoin and Ethereum ETFs, further expanding crypto investment options for Argentines. The CNV's decision reflects Argentina's proactive approach to cryptocurrency, as the nation has historically been receptive to digital assets due to concerns over fiat currency stability. This regulatory shift is expected to benefit many Argentines by providing new avenues for wealth creation.