Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n \u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n \u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n \u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Federal court is accusing the former crypto billionaire (SBF) of fraud involving more than $8 billion from his customer before filing for bankruptcy protection in Delaware on November 11. The case - per the new FTX CEO John Ray overseeing the bankruptcy \u2013 is a ''complete failure of corporate control.''<\/em><\/p>\n","post_title":"Sam Bankman-Fried Released on a $250M Bail; Former FTX Executives Plead Guilty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-released-on-a-250m-bail-former-ftx-executives-plead-guilty","to_ping":"","pinged":"","post_modified":"2022-12-25 01:09:08","post_modified_gmt":"2022-12-24 14:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8993","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n \u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
''Caroline Ellison and Sam Bankman-Fried schemed to manipulate the price of FTT, an exchange crypto security token that was integral to FTX, to prop up the value of their house of cards,<\/em>'' SEC said in a\u00a0statement<\/a>. It added: ''we further allege that Ms.Ellison and Mr.Wang played an active role in a scheme to misuse FTX customer assets to prop up Alameda and to post collateral for margin trading.''<\/em><\/p>\n\n\n\n The Federal court is accusing the former crypto billionaire (SBF) of fraud involving more than $8 billion from his customer before filing for bankruptcy protection in Delaware on November 11. The case - per the new FTX CEO John Ray overseeing the bankruptcy \u2013 is a ''complete failure of corporate control.''<\/em><\/p>\n","post_title":"Sam Bankman-Fried Released on a $250M Bail; Former FTX Executives Plead Guilty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-released-on-a-250m-bail-former-ftx-executives-plead-guilty","to_ping":"","pinged":"","post_modified":"2022-12-25 01:09:08","post_modified_gmt":"2022-12-24 14:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8993","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n \u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n 3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
His accomplices and former FTX and Alameda Research executives \u2013 Caroline Ellison and Gary Wang \u2013 have both pleaded guilty to related charges. The duo admitted that they violated securities laws, had an active role in defrauding investors, and knew they were breaking the laws in transferring customer money from the exchange to Alameda Research. <\/p>\n\n\n\n ''Caroline Ellison and Sam Bankman-Fried schemed to manipulate the price of FTT, an exchange crypto security token that was integral to FTX, to prop up the value of their house of cards,<\/em>'' SEC said in a\u00a0statement<\/a>. It added: ''we further allege that Ms.Ellison and Mr.Wang played an active role in a scheme to misuse FTX customer assets to prop up Alameda and to post collateral for margin trading.''<\/em><\/p>\n\n\n\n The Federal court is accusing the former crypto billionaire (SBF) of fraud involving more than $8 billion from his customer before filing for bankruptcy protection in Delaware on November 11. The case - per the new FTX CEO John Ray overseeing the bankruptcy \u2013 is a ''complete failure of corporate control.''<\/em><\/p>\n","post_title":"Sam Bankman-Fried Released on a $250M Bail; Former FTX Executives Plead Guilty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sam-bankman-fried-released-on-a-250m-bail-former-ftx-executives-plead-guilty","to_ping":"","pinged":"","post_modified":"2022-12-25 01:09:08","post_modified_gmt":"2022-12-24 14:09:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8993","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n \u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\nCME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n