BDO crypto audits pave way for Australian Bitcoin ETF

Accounting firm BDO has announced a comprehensive cryptocurrency and blockchain auditing service – paving the way for the first Bitcoin ETF on the ASX.

Decentralised Capital founder Stephen Moss told Micky that reputable independent auditing is a necessary precondition to secure regulatory approval for the company’s proposed Bitcoin ETF.

He said the company will now put in an application for a fully audited and insured ETF in the second half of the year.

“This product opens the doors for us to put forward an application for a Bitcoin ETF,” he explained.

“Any reputable ETF listed on the ASX should have a reputable auditor.

“Provided you can work with regulators and the ASX to offer investors security I think Australia is possibly an ideal place to list a Bitcoin ETF.”

Decentralised Capital is a specialist blockchain firm focused on developing institutional grade digital assets and services which received backing in 2018 from Aura Group, an Asia Pacific asset management firm.

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Source: EXCLUSIVE: BDO crypto audits pave way for Australian Bitcoin ETF | Micky