CryptoSMSF – Crypto SMSF News, Regulation, Risk and Tax

The Australian Senate’s Final Report on FinTech, Crypto and RegTech: Key Changes and Projected Outcomes

In December 2020, the Australian Senate’s Select Committee on Financial Technology and Regulatory Technology released its final report on the opportunities and challenges facing the country’s FinTech and RegTech industries. The report identified key changes that are needed to support innovation and growth in the financial services sector, including greater regulatory clarity and support for digital currencies. It also made a number of recommendations for regulatory and policy changes to support the growth of these industries in Australia. This article will detail the key changes and projected outcomes of the report, as well as provide references and quotes from the report itself.

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Cryptocurrency Scams on SMSFs: How to Protect Your Investments

Self-managed super funds (SMSFs) that invest in cryptocurrencies can be particularly vulnerable to scams and other fraudulent activities. To protect themselves, SMSF investors should consider the risks associated with cryptocurrencies, avoid relying on social media or cold calls, understand the risks of cryptocurrencies, work with a registered financial adviser, and take steps to ensure that their investments are secure. By taking these steps, SMSF investors can reduce the risk of falling victim to cryptocurrency scams and other fraudulent activities.

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How to Identify a Cryptocurrency Scam: Tips to Protect Your Investments

Cryptocurrency scams are a growing concern for investors, with billions of dollars lost to fraudulent schemes each year. However, by following the tips outlined in this article, investors can reduce their risk of falling victim to a cryptocurrency scam. It’s important to conduct thorough research, be wary of promises of high returns, check the credentials of the team behind the cryptocurrency, look for regulatory oversight, be cautious of unsolicited investment offers, watch out for pump and dump schemes, be cautious of malware and phishing scams, and use reputable wallets and exchanges. By taking these steps, investors can protect themselves and their investments from fraudulent schemes.

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Top 5 Ways for Australians to Mitigate Risk When Investing in Cryptocurrency

Investing in cryptocurrency can be risky, but Australians can mitigate these risks by conducting thorough research, diversifying their portfolio, practicing risk management, securing their investments, and seeking professional advice. By taking these steps, investors can reduce the potential impact of market volatility, cybersecurity threats, and regulatory risks. Read on to learn more about the top 5 ways for Australians to mitigate risk when investing in cryptocurrency.

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Top 5 Risks for Australians Investing in Cryptocurrency – What You Need to Know

Investing in cryptocurrency can be a risky endeavor, especially for Australians. The lack of comprehensive regulation, cybersecurity threats, market volatility, liquidity challenges, and taxation complexities are just a few of the risks investors should consider. In this article, we explore the top 5 risks facing Australians who invest in crypto and provide insights on how to mitigate these risks. Read on to learn more about what you need to know before investing in cryptocurrency.

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