Jersey has approved the first regulated Bitcoin fund, overcoming anonymity concerns about the virtual currency, according to its director.
The Global Advisors Bitcoin Investment Fund (GABI) has been certified by the Jersey Financial Services Commission to run from 1 August, the BBC reports. > Read: Jersey growth showcases expertise in funds sector < Daniel Masters said Jersey's regulatory system meant major investors, such as pension and insurance companies, could invest in Bitcoin for the first time. The fund will not be open to investments from the general public. Global Advisors is a Jersey-based hedge fund company which usually specialises in commodities such as metals and oil. Bitcoin was founded in 2009 alt...
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