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Posted on: July 3, 2019, 5:21 p.m.
The UK regulator, FCA has approved the first crypto hedge fund, Prime Factor Capital, as a full-scope alternative investment according to reports via Bloomberg, Despite the approval via the FCA, the fund will abide by European regulations, with the guidelines the firm will be allowed to hold more than EUR 100 million under management. It marks somewhat of a milestone, the first agency that has been approved to invest exclusively in the cryptocurrency asset class. Full investment news articleRelevent to this post: Michael Novogratz Michigan State University Office of Investments,