Binance, the world’s largest cryptocurrency exchange, announced on May 12 that it would be suspending its Canadian operations. The move comes as a surprise to many, as Binance had only recently launched its Canadian exchange in September 2021.
Jeff Yew is a crypto pioneer and advocate. He is the co-founder and CEO of Monochrome Asset Management, a specialist investment management firm offering leading regulated access to crypto-assets. Yew is a respected figure in the crypto space, having been involved in the industry since its early days. He is a frequent speaker at industry events and has been quoted in publications such as The Wall Street Journal, The Financial Times, and The Australian Financial Review.
The ATO supervisory SMSF levy is a fee that is charged by the Australian Taxation Office (ATO) to each self-managed super fund (SMSF). The levy is designed to recover the ATO’s costs in administering the SMSF regime. The levy is $259 per year and is payable for each financial year, even if the SMSF has no income or gains. The levy is due on the same date as the SMSF’s annual return.
Cryptocurrency is a new and exciting asset class, but it is also a risky one. There have been many high-profile cases of cryptocurrency scams and hacks, and the regulatory landscape is still developing. That’s why it’s important to understand how to protect yourself from cryptocurrency scams in Australia.
Self Managed Super Funds (SMSFs) have become the fastest-growing sector in Australia’s superannuation industry, offering greater control and flexibility over retirement savings. Introduced in 1992, SMSFs have grown to become the largest and most popular option for Australians, with over 600,000 funds and $747 billion in assets under management. This comprehensive guide explores the history of SMSFs, their benefits, and the regulations that ensure they operate in the best interests of their members.
