Passive investment has its harsh critiques. Australia's Coinjar has set up its cryptocurrency fund to give wholesale investors access to digital currency markets. To qualify for the Digital Currency Fund, investors need to have AUD250,000 ($182,000) in yearly income or AUD2.5m in net assets. Coinjar manages the assets for the investor, securing them in multi-signature digital wallets for an added layer of security. The Australian Securities and Investments Commission (ASIC) is also looking at whether it should regulate bitcoin as a security under existing laws.
Australia's Coinjar has set up its cryptocurrency fund to give wholesale investors access to digital currency markets. To qualify for the Digital Currency Fund, investors need to have AUD250,000 ($182,000) in yearly income or AUD2.5m in net assets. Coinjar manages the assets for the investor, securing them in multi-signature digital wallets for an added layer of security. The Australian Securities and Investments Commission (ASIC) is also looking at whether it should regulate bitcoin as a security under existing laws.