UK – Regulators Approve First Crypto Currency Hedge Fund

Prime Factor Capital will be the first approved Hedge Fund to invest in Alternative Currency.

The Financial Conduct Authority (FCA) has approved the first British . The Fund, Prime Factor Capital, will be offering a full-scope alternative fund management.

Financial Conduct Authority
Financial Conduct Authority

The Hedge Fund will be limited by the European financial , which will force it to hold no more than 100M Euros in assets under its management. Despite these limitations, the entering of an agency, which will be dedicated to in assets, is nothing short of a game changer in British , as in this field have been so far kept outside the realm of traditional and . Prime Factor Capital’s CEO, has said, in an interview for : “most vehicles for investing in are outside the scope of regulators and that’s a big problem in the market that has such a bad reputation”.

Under the posed by the , Prime Factor Capital will need to appoint a custodian who will be in charge of validating the investors’ returns and the fund’s holding. The custodian must act independently of the firm and provide cash flow reconciliation.

This marks an exciting new age for , who will now be able to diversify their portfolio and enjoy the new, exciting, and lucrative world , while reaping the benefits of well-defined that will make their as transparent and safe as possible.

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