News Snapshot:
The first bitcoin fund in the Southeast Asian region, the BCMG Genesis Bitcoin Fund, otherwise known as BGBF-1, recently launched to cater to accredited institutional investors. Bitcoin Fund for Asian Institutional Investors According to a press release on Monday (Mar. 8, 2021), the new bitcoin fund which aims to cater to institutional demand for cryptocurrency seeks to leverage on the continuous growth of the number one crypto asset. Apart from being the first insured bitcoin fund in Southeast Asia, BGBF-1 would be regulated in Labuan, Malaysia. The fund uses an Artificial Intelligence (AI) powered blockchain-based platform, which is provided by...
