As initial coin offerings (ICOs) start to come under regulatory scrutiny in the U.S., one Australian venture capital firm is experimenting with a new way to convert cryptocurrency into regulated corporate shares.
Following a decision to offer a 300,000 Australian dollar ($239,000) convertible bitcoin loan to blockchain payments startup DigitalX, investment firm Blockchain Global Limited has revealed exclusively to CoinDesk that it has completed its due diligence and will close the entire AU$4.35 million investment in bitcoin.
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