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The Risks of Managing Your Own Self-Managed Super Fund

Self-managed super funds (SMSFs) offer a high degree of flexibility and control over investment decisions, but they also come with a number of risks. This article will discuss the risks of managing your own SMSF. It will cover topics such as:

The legal and regulatory requirements of SMSFs
The risks of investment fraud and theft
The risks of poor investment decisions
The risks of financial hardship
If you are considering setting up an SMSF, it is important to do your research and to speak to a financial adviser who can help you make the right decision. An SMSF can be a great way to save for retirement, but it is important to understand the risks involved before you make a decision.

Binance Exits Canada: What Does This Mean for the Australian Market?

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, ex Binance Australia CEO, Casts Doubts on Proof of Reserves

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.

ATO Supervisory SMSF Levy – What You Need to Know

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.

Australian Cryptocurrency Regulation Bodies

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.

CRNCY

Australian Crypto News & Analysis