$BTC The Brazilian stock exchange B3 will launch futures on Ether and Solana
The Brazilian stock exchange (B3) announced new developments in the cryptocurrency sector within its investment portfolio. The institution unveiled the launch of futures contracts on Ether and Solana aimed at diversifying its cryptocurrency offerings for potential investors interested in these assets.
The products that will be available from June 16 were initially approved by the Brazilian Securities and Exchange Commission (CVM) and are aimed at facilitating institutional entry into the cryptocurrency market without the need for storing these assets, which is a challenge for small companies.
Marcus Skistimas, product director at B3, emphasized the importance of these products for the stock exchange, offering “regulated and safe” crypto instruments to its clients.
Belo Horizonte will become the “Bitcoin Capital” with a new bill
The city of Belo Horizonte has transformed into the capital of bitcoin, after lawmakers passed a new bill aiming to make it a hub for innovation for cryptocurrency and bitcoin companies. The bill, which was approved on Wednesday amid heated discussions among lawmakers, establishes incentives for businesses to accept bitcoin as payment by offering advertising in the city's campaigns. It also promotes educational initiatives to prepare citizens for this digital shift. The project was approved by a vote of 20 in favor, 8 against, and 6 abstentions. The bill will be sent to the mayor's office for official sanction after the second discussion.
