VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n
In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n
More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
\"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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 next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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>Binance Executives Sue Nigerian Government For Detainment<\/a><\/p>\n\n\n\n Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Although the tax charges have been dropped, Gambaryan and Anjarwalla are still involved in a money-laundering case brought by the Economic and Financial Crimes Commission. Binance has been attempting to persuade Nigerian authorities that Gambaryan, who is ill, does not hold decision-making power within the company and should be released. Despite these efforts, Gambaryan remains detained in Kuje prison, while Anjarwalla managed to escape shortly after their detention.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Executives Sue Nigerian Government For Detainment<\/a><\/p>\n\n\n\n Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
According to Coindesk, The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges<\/a> against the two executives and revised related charges. The FIRS has only named Binance, who is represented locally, as the defendant. This decision came after the executives were initially detained in February during an investigation into the exchange.<\/p>\n\n\n\n Although the tax charges have been dropped, Gambaryan and Anjarwalla are still involved in a money-laundering case brought by the Economic and Financial Crimes Commission. Binance has been attempting to persuade Nigerian authorities that Gambaryan, who is ill, does not hold decision-making power within the company and should be released. Despite these efforts, Gambaryan remains detained in Kuje prison, while Anjarwalla managed to escape shortly after their detention.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Executives Sue Nigerian Government For Detainment<\/a><\/p>\n\n\n\n Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Nigeria's authorities have dropped tax charges against Binance's executives Tigran Gambaryan and Nadeem Anjarwalla, narrowing its focus solely on the crypto exchange itself. However, the two executives are embroiled in a separate money-laundering case amidst escalating health concerns, particularly for Gambaryan.<\/p>\n\n\n\n According to Coindesk, The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges<\/a> against the two executives and revised related charges. The FIRS has only named Binance, who is represented locally, as the defendant. This decision came after the executives were initially detained in February during an investigation into the exchange.<\/p>\n\n\n\n Although the tax charges have been dropped, Gambaryan and Anjarwalla are still involved in a money-laundering case brought by the Economic and Financial Crimes Commission. Binance has been attempting to persuade Nigerian authorities that Gambaryan, who is ill, does not hold decision-making power within the company and should be released. Despite these efforts, Gambaryan remains detained in Kuje prison, while Anjarwalla managed to escape shortly after their detention.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Executives Sue Nigerian Government For Detainment<\/a><\/p>\n\n\n\n Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Nigeria's authorities have dropped tax charges against Binance's executives Tigran Gambaryan and Nadeem Anjarwalla, narrowing its focus solely on the crypto exchange itself. However, the two executives are embroiled in a separate money-laundering case amidst escalating health concerns, particularly for Gambaryan.<\/p>\n\n\n\n According to Coindesk, The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges<\/a> against the two executives and revised related charges. The FIRS has only named Binance, who is represented locally, as the defendant. This decision came after the executives were initially detained in February during an investigation into the exchange.<\/p>\n\n\n\n Although the tax charges have been dropped, Gambaryan and Anjarwalla are still involved in a money-laundering case brought by the Economic and Financial Crimes Commission. Binance has been attempting to persuade Nigerian authorities that Gambaryan, who is ill, does not hold decision-making power within the company and should be released. Despite these efforts, Gambaryan remains detained in Kuje prison, while Anjarwalla managed to escape shortly after their detention.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Executives Sue Nigerian Government For Detainment<\/a><\/p>\n\n\n\n Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Nigeria's authorities have dropped tax charges against Binance's executives Tigran Gambaryan and Nadeem Anjarwalla, narrowing its focus solely on the crypto exchange itself. However, the two executives are embroiled in a separate money-laundering case amidst escalating health concerns, particularly for Gambaryan.<\/p>\n\n\n\n According to Coindesk, The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges<\/a> against the two executives and revised related charges. The FIRS has only named Binance, who is represented locally, as the defendant. This decision came after the executives were initially detained in February during an investigation into the exchange.<\/p>\n\n\n\n Although the tax charges have been dropped, Gambaryan and Anjarwalla are still involved in a money-laundering case brought by the Economic and Financial Crimes Commission. Binance has been attempting to persuade Nigerian authorities that Gambaryan, who is ill, does not hold decision-making power within the company and should be released. Despite these efforts, Gambaryan remains detained in Kuje prison, while Anjarwalla managed to escape shortly after their detention.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Executives Sue Nigerian Government For Detainment<\/a><\/p>\n\n\n\n Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\n See Related: <\/em><\/strong>Australia To Launch Its First Bitcoin ETF<\/a><\/p>\n\n\n\n VanEck's Bitcoin ETF debut has been lauded as a significant step towards the legitimization of crypto and associated ETFs in the region. This comes after the US approved similar products in January, raising expectations in other major global nations.<\/p>\n\n\n\n In Australia, companies are required to earn the approval of the Australian Securities & Investments Commission (ASIC) and the exchange listing the product. VanEck believes that despite the existing regulatory and exchange framework challenges in Australia, it will lead the way in bringing ETF products to ASX investors.<\/p>\n\n\n\n More spot ETF approvals are expected<\/a> in Australia, with several other companies working to have their ETFs approved for trading in the country. Reports had earlier intimated that DigitalX Ltd and BetaShares were working to debut their ETFs on ASX.<\/p>\n","post_title":"Australia's First Spot Bitcoin ETF To Launch On June 20","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-first-spot-bitcoin-etf-to-launch-on-june-20","to_ping":"","pinged":"","post_modified":"2024-06-21 18:38:20","post_modified_gmt":"2024-06-21 08:38:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17409","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"};
Nigeria's authorities have dropped tax charges against Binance's executives Tigran Gambaryan and Nadeem Anjarwalla, narrowing its focus solely on the crypto exchange itself. However, the two executives are embroiled in a separate money-laundering case amidst escalating health concerns, particularly for Gambaryan.<\/p>\n\n\n\n According to Coindesk, The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges<\/a> against the two executives and revised related charges. The FIRS has only named Binance, who is represented locally, as the defendant. This decision came after the executives were initially detained in February during an investigation into the exchange.<\/p>\n\n\n\n Although the tax charges have been dropped, Gambaryan and Anjarwalla are still involved in a money-laundering case brought by the Economic and Financial Crimes Commission. Binance has been attempting to persuade Nigerian authorities that Gambaryan, who is ill, does not hold decision-making power within the company and should be released. Despite these efforts, Gambaryan remains detained in Kuje prison, while Anjarwalla managed to escape shortly after their detention.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Executives Sue Nigerian Government For Detainment<\/a><\/p>\n\n\n\n Gambaryan's health has reportedly deteriorated significantly since his detention. He collapsed in court on May 23 due to malaria and has since developed pneumonia. Despite a court order for medical treatment, prison authorities delayed taking him to the hospital. His family has voiced concerns over his worsening condition and the lack of timely medical care.<\/p>\n\n\n\n Tigran Gambaryan's wife, Yuki Gambaryan, has urged the U.S. government to intervene for her husband's immediate release, stressing that his life is at risk. A family spokesperson reiterated that neither Gambaryan nor Anjarwalla had decision-making roles at Binance and should not have been charged or detained in the first place.<\/p>\n\n\n\n A Binance spokesperson expressed hope that the EFCC would follow the FIRS's lead and drop the charges against Gambaryan, emphasizing the company's commitment to cooperating with Nigerian authorities to resolve the situation. The spokesperson also highlighted the impact of Gambaryan's 110-day detention on his health, citing diagnoses of malaria and pneumonia.<\/p>\n\n\n\n The next hearing for the money-laundering case is scheduled for June 19, where an application for enforcing fundamental rights will be addressed. The trial is set to resume on June 20. Binance continues to advocate for Gambaryan's release, emphasizing his deteriorating health and the need for urgent medical attention.<\/p>\n","post_title":"Binance's Executives Cleared Of Tax Charges In Nigeria","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binances-executives-cleared-of-tax-charges-in-nigeria","to_ping":"","pinged":"","post_modified":"2024-06-23 02:42:27","post_modified_gmt":"2024-06-22 16:42:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17388","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17409,"post_author":"21","post_date":"2024-06-21 18:38:16","post_date_gmt":"2024-06-21 08:38:16","post_content":"\n VanEck will debut the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) on June 20. VanEck described the ETF product as one of its kind and the first on ASX. The \"VanEcK Bitcoin ETF will be the lowest cost Bitcoin ETF in Australia,\" reads part of the announcement<\/a>. The company adds:\u00a0<\/p>\n\n\n\n \"With a mantra of 'Access the opportunities,' for many years, investors have leaned on VanEck in their pursuit of a bitcoin ETF. Like these investors, we consider the ETF vehicle to be the optimal delivery mechanism for an asset class like bitcoin.\"<\/em><\/p>\n\n\n\n VanEck resubmitted its Bitcoin ETF application to the ASX in February, having worked to bring the products to ASX since early 2021.<\/p>\n\n\n\nApproval Gives Legitimacy To Crypto And Associated Products<\/h2>\n\n\n\n
Approval Gives Legitimacy To Crypto And Associated Products<\/h2>\n\n\n\n
Approval Gives Legitimacy To Crypto And Associated Products<\/h2>\n\n\n\n
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Approval Gives Legitimacy To Crypto And Associated Products<\/h2>\n\n\n\n
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Approval Gives Legitimacy To Crypto And Associated Products<\/h2>\n\n\n\n
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