Telstra Ventures: Australian pension funds allow investment in cryptocurrencies

According to reports, Telstra Ventures, a large venture capital firm backed by telecommunications giant Telstra, said that Australian pension funds have begun allowing their managed assets to invest in cryptocurrencies to chase the enormous returns of emerging industries. Yash Patel and Saad Siddiqui, general partners of Telstra Ventures, said that the agreement between venture capitalists and their super fund investors is being rewritten to allow crypto investments.