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Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members -Breaking

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© Reuters.

Rest Super, an Australian superannuation trust, is poised to be the country’s first pension fund to start investing in cryptocurrency.

With more than $46.8 million in assets under management, the fund also has around 1.8million members. The equivalent to a 401k in the United States, superannuation must be compulsory for all employees. This cryptocurrency is still a subject of caution for the sector, which currently stands at $2.4 billion.