The Sao Paolo Stock Exchange, B3, is expected to launch cryptocurrency investment options in 2022 according to multiple reports.
The news was revealed during a presentation by B3 President Gilson Finkelsztain.
— WeInvest (@WeInvestDigital) December 10, 2021
One tweet quoted Finkelsztain as stating “it is natural for us to expand into the unregulated world of cryptos.”
B3 vai entrar em cripto!
“É natural que façamos expansão para o mundo não regulado das criptos”
– Presidente da B3, Gilson Finkelsztain
— Orlando Telles de Souza (@orlandoincrypto) December 14, 2021
While one commentator indicated the move will be by offering ETFs, others did not specificy if B3 would offer spot trading of specific digital assets.
The move by B3 if completed is a natural step as a growing number of institutional and individual investors seek to participate in the crypto sector. By bringing crypto into a regulated environment, B3 can ensure sufficient investor protection criteria. While in the US, the Securities and Exchange Commission has pushed back on spot based crypto ETFs, the inertia to change is looking less and less sustainable if alternatives proliferate.