Digital Currency

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Bitcoin As A Potential SMSF Investment

Bitcoin as a possible investment Is Bitcoin a suitable investment for your SMSF? The dramatic rise in value (and then fall) of bitcoin and other cryptocurrencies has sparked interest among SMSF trustees on its potential as an investment medium, particularly in a marketplace of low-interest rates, erratic share markets and an easing in property values. While …

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digital currency exchange obligations

Digital Currency Exchange Providers – Mandatory Obligations

Are you a digital currency exchange provider? Changes to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) will affect digital currency exchange (DCE) service providers. Parliament passed the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (Amendment Act) on 7 December 2017. Royal Assent was granted on 13 December 2017. The Amendment Act …

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