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2020-01-20 12:24:25

Australian fintech firm investing $20M in BTC approved by ASIC

Raiz, an Australian fintech firm best known for its round-up offering, has gotten the approval of the Australian Securities and Investment Commission (ASIC) to add Bitcoin (BTC) to its list of investment services. The Australian fintech firm, which intends to launch its Bitcoin retail fund in the first half of this year, has said it would invest 95 percent of clients’ money in exchange-traded funds (ETFs) while the remaining 5 percent will be pumped into bitcoin (BTC). Raiz emerges as first Australian fintech firm to launch Bitcoin fund With the approval to add a Bitcoin fund to its list of