Mexico’s stock exchange is analyzing crypto-focused products
October 7, 2021, 10:32AM EDT
1 min read
Mexico’s stock exchange BMV (Bolsa Mexicana de Valores) has been evaluating the possibility of listing crypto-based financial instruments like futures, CEO José-Oriol Bosch Par said during an Oct. 5 discussion streamed on YouTube.
In response to an audience question during the talk, which was primarily focused on how to start investing, the BMV’s CEO José-Oriol Bosch Par said that the stock exchange has evaluated instruments linked to crypto. He clarified that one possibility would be listing crypto futures through the derivatives exchange MexDer, a subsidiary of the BMV.
“Yes, it’s something we have talked about with financial authorities, that we’ve analyzed,” Bosch said. CoinDesk first reported the news in English following an article from Mexican financial news outlet El Economista.
While Bosch said during the video conversation that he sees crypto as part of the evolution of where money is headed, he understands that the financial authorities are taking a cautious approach to avoid a situation like the dot-com boom of the 1990s.
According to a report in El Economista, the BMV appears to be actively soliciting approvals to list crypto futures on MexDer and exchange-traded funds through a BMV platform called SIC. The report quotes Bosch as saying that Mexican financial authorities have been more conservative than others about the topic.