Australian regulator approved the launch of the fund with a share of assets in bitcoins

The Australian Securities and Investments Commission (ASIC) has granted the Raiz appmicroinvestment permission to launch a fund for investing in bitcoin.

According to Micky's publication, Raiz Invest Australiawas launched in 2016. ASIC, Australia's main financial regulator, has granted the company the opportunity to launch a Bitcoin fund that will open up access to the cryptocurrency to thousands of Australian retail investors.

According to sources familiar with the situation,A micro-investment firm with over $ 400 million of asset management plans to invest only 5% of users ’funds in BTC, and 95% will be directed to less volatile exchange-traded funds (ETFs).

If everything goes according to plan, Raiz will be the firstan Australian investment platform that will launch a fund for partial investments in bitcoin. Raiz Invest Australia gives users the opportunity to instantly invest their funds in various investment instruments, including stocks. Now the application has about 300,000 active users.

Australia remains one of the jurisdictionstaking a liberal stance towards Bitcoin and other cryptocurrencies. Back in 2017, the Australian government clarified the legal status of cryptocurrencies and stated that all digital assets on the blockchain are considered property and are subject to capital gains tax.

Let us also recall that in April 2018 inThe country has come into force with a law regulating cryptocurrency exchanges. In addition, last spring the Australian Taxation Office (ATO) announced its intention to monitor citizens' cryptocurrency transactions to identify unscrupulous taxpayers.

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