K-pop stars are trying to cash in on the Bitcoin frenzy by having new cryptocurrencies mined under their name.

Q-ri and Eun-jung of girl band T-ara have signed a deal with Australian cryptocurrency platform ENT Cash to issue virtual money using their names. They will be issued in Australia since doing so in Korea is illegal.

A staffer at Aimhigh Global, the Korean partner of the deal, said, "No decisions have been made in terms of the size and date of the issuance."

The cryptocurrency is strictly for fans and can be used to buy T-ara's concert tickets and memorabilia, but the companies hope that their value will soar as they grow in popularity.

