Kazakhstan, one of the largest mining countries in Bitcoin in the world, has become the location of the first Bitcoin in Central Asia
Stock market negotiated funds (ETF).
Capital cast iron, based in Astana (Betf) will start to negotiate on August 13 on Astana International Exchange (Aix). The FNB will be a price in dollars.
Kazakhstan won the classification of Bitcoin mines after China prohibited industry in 2021, pushing operations abroad. Kazakhstan has benefited from its abundant coal electricity and favorable regulations.
Unlike tickets negotiated on the stock market, BETF directly holds Bitcoin, with the Guard provided by the goalkeeper regulated by the United States Bitgo which provides up to $ 250 million. Bitgo uses off -line cold storage and secure strong boxes – measures designed to reassure both institutional investors and retail buyers of pirates and counterparty risks.
The fund is regulated by the Astana International financial center (AIFC)A jurisdiction which, according to its donors, can protect the assets of the gels linked to international sanctions while avoiding dependence on foreign transmitters. AIFC has sought to rely on this position by introducing a legal framework for digital assets, allowing approved exchanges, guards and investment products to operate in its jurisdiction.
The neighboring countries of Central Asia, such as Uzbekistan and Kyrgyzstan, have adopted more cautious approaches, leaving Kazakhstan as the most open market for cryptographic investment in the region. For a country that seeks to diversify its financial sector, a regulated cryptographic product could draw foreign capital and integrate local markets into the wider digital asset economy
The structure of the FNB allows colonies in kind and aims to maintain the total expenditure report while reducing the follow -up error compared to the price of Bitcoin.
BETF’s beginnings are aligning Kazakhstan with a growing world list of jurisdictions – including the United States, Canada and Hong Kong – which approved Bitcoin Spot ETF. In practice, this means that an investor in Almaty or London could buy actions from the fund via Aix without having to manage private keys or to navigate in the exchanges of crypto.
Fonte Capital, which registered with the AIFC in 2022, manages diversified investment funds and said that BETF will offer investors a simple way to add Bitcoin to a portfolio while retaining “a high level of control and reliability”.
