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Australia's Rest Super retirement fund to invest in crypto for its 1.8M members
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Australian superannuation fund Rest Super is set to become the first retirement fund in the country to invest in cryptocurrencies.
The fund has more than $46.8 billion worth of assets under management (AUM) and around 1.8 million members. Superannuation is the equivalent of a 401k or Individual Retirement Account in the U.S. and is compulsory for all employees. Until now the $2.4 trillion sector has been extremely cautious about cryptocurrency.
During Rest Super’s annual general meeting on Nov.
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