After one major Australian bank this week announced it'll give customers the option of trading crypto currencies, such as Bitcoin, on its existing banking app, you might have expected others to follow.

However, they have told the ABC they will not at this stage.

While there are many stories of cryptocurrency traders making a fortune "overnight", it is widely accepted that it is very easy to lose money buying and selling cryptocurrencies online.

Warehouse worker Vanna O'Brien, like many younger Australians, did not earn much interest on her bank savings.

However, she has since turned hundreds of dollars into tens of thousands by investing in cryptocurrencies.

"I've never had more than $ my whole life," she said.

"And now I've got $50, and it's only been in a few months, so it's just been, like, crazy."

Ms O'Brien used her small amount of savings to buy Ethereum — a type of cryptocurrency — through the crypto exchange Coin Spot.

The coins grew in value so she decided to take them out and deposit — or stake them — in a virtual world called Axie Infinity.

It's essentially an online video game developed by Vietnamese studio Sky Mavis where users can use and store Ethereum-based cryptocurrencies

And she's earning quite a bit of interest on her coins.

"My coins are like in this bank."

"So the coin's called Axie, bitcoin investing australia opening, and they're paying per cent per annum."

Industry largely unregulated

As more younger Australians choose cryptocurrency investments to fast-track their savings, Australia's largest bank now wants a slice of the pie.

The CBA's head of retail banking, Angus Sullivan, says the bank is now setting up its own pilot platform to buy, bitcoin investing australia opening and hold cryptocurrencies.

"We see an opportunity but we're not exactly sure how that's going to work out."

"Becoming involved gives us an opportunity to learn more and try different things."

But here's the problem.

Even the boss of Australia's largest digital asset exchange, Caroline Bowler, concedes the industry is largely unregulated, and that there's zero by the way of sound financial advice available to market participants.

"We know from our investor study earlier this year that is something investors in Australia are looking for, bitcoin investing australia opening, so regulation and education will catch up."

"This is why the industry has been pushing for regulation."

For now, though, Mr Sullivan says the bank will simply warn its customers of the financial dangers involved.

"This isn't a regime where the formalised, let's call it capital-A, advice exits."

Investors respond poorly to new rules

A legal framework for cryptocurrency investments appears to be in the works.

The industry made hundreds of submission to a Senate Select Committee chaired by Liberal MP Andrew Bragg looking into how to tighten up the industry.

In a statement, bitcoin investing australia opening, Treasurer Josh Frydenberg told the ABC, "The government welcomes the final report of the Senate Select Committee on Australia as a Technology and Financial Centre".

"The Government is carefully considering the Committee's recommendations and intends to finalise its response by the end of the year," Mr Frydenberg said.

The banking regulator, bitcoin investing australia opening, APRA, says it is examining the regulatory issues.

And while players in the cryptocurrency industry say they want more regulation, history shows investors respond poorly to new rules.

In November , the price of Bitcoin crashed when China accelerated a crackdown on cryptocurrency businesses.

However, Ms Bowler says regulation will rid the industry of the more "questionable" investments in the crypto market.

"Because here's the thing: We want our investors to do well," she said.

"And there's enough question mark advice that's being given out in the market, so we need that to abate. We need that to go away and we need regulation to help us do that."

What makes a digital currency worth something?

Regulation aside, what exactly is the asset behind or backing a cryptocurrency investment?

Equity Economics lead economist Angela Jackson bitcoin investing australia opening cryptocurrencies can have value if someone else is going to accept it.

"But there is no guarantee that is going to occur, and there really is no one backing it up, bitcoin investing australia opening, if you like."

And, if Ms O'Brien's attitude to cryptocurrency investing is anything to go by, the big banks are going to find cracking the market quite a challenge.

"The whole reason why we're doing crypto is decentralisation," Ms O'Brien said.

"We don't want to be part of the banks anymore. We don't want them having all the power."

That may explain why the other big four banks are treading carefully in this space.

The ANZ, NAB and Westpac all told the ABC they had no plans to follow the Commonwealth Bank's lead.

Editor's note (05/11/ This story incorrectly stated that Bitcoin sank to an all-time low in November The cryptocurrency was lower in and at an all-time low when it first started trading in

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ETPrime stories of the day

The Commonwealth bank announced last week that it plans to allow users of its CommBank app to trade cryptocurrencies – the first of Australia’s big four banks to do so.

Cryptocurrencies are known for their wildly unpredictable price fluctuations, damage to the environment and use by criminals to try to disguise illegal activities, such as money laundering.

A number of countries, including China, Turkey and Vietnam, have banned or restricted the use of cryptocurrencies in their jurisdictions.

So why is the CBA doing this?

Based on account data, CBA thinks aboutof its customers already engage in crypto trading.

CBA’s chief executive, Matt Comyn, said in a statement: “We believe we can play an important role in crypto to address what’s clearly a growing customer need and provide capability, security and confidence in a crypto trading platform.”

The bank will in a few weeks invite 2, customers to join a pilot program where they will be able to buy, hold, and sell cryptocurrencies through the CBA phone app.

The bank will initially offer 10 of the most popular coins, including bitcoin. (It will not include the parody-turned-US$35bn-market-cap dogecoin).

What users won’t be able to do is transfer cryptocurrencies to other people – all transactions will involve either buying bitcoin investing australia opening selling the coins for real money. This is because crypto transfer is difficult to trace making it attractive to criminals and a nightmare for the bank when it comes to complying with anti-money laundering and counter-terrorism finance laws – something banks find hard enough with regular money transfers.

Instead, all movements in and out of crypto are to take place through the customer’s own accounts, allowing the bank to better keep track of what’s going on.

What are the environmental issues?

Cryptocurrencies are generally created by computers solving difficult maths problems, bitcoin investing australia opening, a process called “mining” that uses a lot of electricity.

Bitcoin mining alone currently uses more electricity than Argentina, the majority of which comes from fossil fuels, and is on track to use more than Australia.

Burning fossil fuels to make electricity is a major source of global heating.

Aren’t cryptocurrencies unstable?

Yes – the price of bitcoin, for example, can halve or double in the space of a month or two.

This volatility is one reason why it’s not suitable for use as a real-world currency.

Transactions bitcoin investing australia opening also very slow and transaction fees are very high. Fees fluctuate a lot but are currently a little over 1% of transaction value.

This may not sound a lot as it is about the same as what you’ll get charged for using a credit card at a shop. But when you use a card, the bank is lending you money.

By contrast, transferring your own money between two Australian bank accounts is free, as is using eftpos.

Bitcoin payments are also much, much slower than the almost instant transactions available through credit cards and eftpos.

Even traditional transfers between accounts are becoming much faster thanks to what’s called the New Payments Platform, a system that all the banks are rolling out under which all transfers take less than a minute.

Bitcoin transactions currently take more than six minutes to be confirmed, bitcoin investing australia opening. Back in July, it was closer to 20 minutes – far too long for use in retail transactions. At that speed no-one’s going to use bitcoin to buy overpriced pizza because it will have gone cold and soggy before the transaction settles.

Some of bitcoin investing australia opening other cryptocurrencies CBA plans to offer aren’t much better. The average “gas fee” – transaction cost – of an Ethereum transaction is between US$85 and US $, bitcoin investing australia opening, according to www.oldyorkcellars.com data. This is fine for big transactions but not much use for small ones.

Much of the enthusiasm for cryptocurrencies as an actual currency comes from the United States, where best investment rates 2022 technology infrastructure is poor by developed world standards. They still regularly use paper cheques, for example, which have largely been abandoned in Australia.

What is cryptocurrency used for?

Because of these problems there are few legitimate uses for coins as a currency. Most people who buy cryptocurrencies do so to speculate on their value.

However, since it’s difficult to trace, crypto is the preferred payment method demanded by ransomware gangs who hold organisations’ data hostage.

That also makes it good for buying and selling illegal goods and services, such as drugs and even, according to some reports, murder-for-hire.

People accused of unrelated crimes often tend to have bitcoin on hand when authorities swoop – in a number of recent cases the Australian Securities and Investments Commission has sought freezing orders over large holdings of bitcoin in the possession of defendants.

Among its core uses appear to be investment scams and money laundering.

Money launderers are prepared to wear a fair bit of volatility risk to clean dirty cash, and pay high fees along the way. Despite the occasional sudden fall, crypto in general is a rising market, so there’s even a chance to make money while laundering.

Many of crypto exchanges that currently operate in the mostly unregulated offshore world have suffered from attacks that have led to customers losing some or all of their money.

What are regulators doing about it?

US regulators have been stepping up their scrutiny of the sector, bitcoin investing australia opening. Last month the Commodity Futures Trading Commission charged the owners of trading platform Bitmex with operating an unregistered trading platform and other violations, bitcoin investing australia opening, including bitcoin investing australia opening to implement required anti-money laundering procedures.

There are also grave concerns among regulators about so-called “stablecoins”, bitcoin investing australia opening, the value of which is supposed to be pegged to real-world currencies such as the US dollar or the euro.

Central banks around the world have become increasingly alarmed about the threat posed by stablecoins. In a joint paper last month the Bitcoin investing australia opening for International Settlements, which is the central bank for central banks, warned that they posed a series of risks that would increase if any of them were able to obtain global scale.

In the past, one stablecoin issuer, Tether, claimed its coin was % backed by US dollars; however, this was not true and as a result last month the CTFC fined Tether and a related exchange operator, iFinex, a total of US$m.

How does Australia regulate it?

Australia has been slow to regulate crypto. The Australian Securities and Investments Commission doesn’t have any regulatory oversight of most coins because they don’t bitcoin investing australia opening its definition of a security.

However, the threat to consumers from crypto scams is a priority area this year, bitcoin investing australia opening, for the first time.

And last week Asic updated its information sheet for crypto assets, warning coin spruikers that a range of Australian laws could apply to them.

Meanwhile, a parliamentary inquiry led by Liberal senator Andrew Bragg has proposed the crypto sector be subjected to a lighter-touch regulatory regime than normal financial products.

In a report released last month, Bragg’s inquiry recommended changes including giving crypto a tax break in order to encourage its growth here.

After bitcoin investing australia opening of industry consultation, Australia's securities watchdog, the Australian Securities and Investments Commission (ASIC), has given the green light to long awaited spot exchange-traded funds (ETFs) in the world's two largest bitcoin investing australia opening, Bitcoin and Ethereum.

The approval will allow Australian investors to gain direct exposure to the physical assets' price through funds that trade on the Australian Securities Exchange (ASX). It also cements Australia's intent toward digital innovation and opens the door for regulators in other jurisdictions to fast-track spot crypto ETFs as the asset class continues to gain momentum with investors.

Regulatory Guidelines

ASIC last week released a set of best-practice guidelines and requirements that fund issuers must satisfy when offering Bitcoin ETFs, with the regulator placing a particular emphasis on the protection and storage of cryptocurrency assets, bitcoin investing australia opening. For instance, private keys—the equivalent of a master password—need to remain offline in cold storage and must meet "robust physical security practices." Additionally, fund issuers will be required to make multiple private key backups stored in separate geographic locations. They must also appoint a Bitcoin custodial expert who will be "required to ensure crypto-assets are held in safe and secure custody," according to the watchdog.

"We recognize the interest in, and demand for, exchange-traded products (ETPs) and other investment products that hold crypto-assets in Australia. However, we are also aware of the real risk of harm to consumers and markets if these products are not developed and operated properly." ASIC wrote in a statement released last week, per Business Insider Australia.

Other requirements Bitcoin ETF issuers must meet include holding a minimum of $10 million Australian dollars ($ million U.S, bitcoin investing australia opening. dollars) in bitcoin investing australia opening tangible assets and adhering to various pricing, bitcoin investing australia opening, disclosure, and risk-management obligations.

Spot ETFs Versus Futures ETFs

ASIC's approval of a spot-backed ETF comes just several weeks after the Securities bitcoin investing australia opening Exchange Commission (SEC) gave the nod to a futures-backed ProShares Trust, the ProShares Bitcoin Strategy ETF (BITO), in the United States. The crypto industry typically supports Bitcoin funds that hold the physical asset over those that track derivatives-based Bitcoin futures as they provide a higher level of accuracy, stability, and transparency.

Crypto purists argue that futures-backed ETFs don't reflect bitcoin's current spot value, given that futures contracts require two parties agreeing to buy or sell bitcoin at a predetermined price and date. As a result, premiums or discounts to the actual bitcoin price can occur.

Altcoin ETFs in Focus

Although ASIC at this stage has only given the green light to Bitcoin and Ethereum ETFs, fund managers see the move as a key stepping stone for the approval of funds holding smaller cryptocurrencies, known as altcoins. "This will represent a huge move forward as investors will finally be able to access Bitcoin through a cost-effective, liquid investment vehicle, bitcoin investing australia opening. As other digital assets mature, we expect the scope to broaden," Asia-Pacific chief executive at VanEck Arian Neiron told The Australian Financial Review.

While it remains unclear how many spot Bitcoin ETFs are awaiting ASIC approval, bitcoin investing australia opening, it is understood that BetaShares, VanEck, and Cosmos Asset Management have other crypto products in the pipeline.

Crypto Investing Bitcoin investing australia opening Main Street in Australia

Australian investment managers are likely to continue bolstering their crypto offerings after the stellar launch earlier this week of the Crypto Innovators ETF (www.oldyorkcellars.com), whichrecorded the highest inflows of any ETF in ASX history over the first hour of trade. The country also reaffirmed itself as a crypto-friendly jurisdiction, with the Commonwealth Bank of Australia (CMWAY) recently announcing that it plans to offer its million customers the ability to buy, sell, and hold cryptocurrency directly through its app. Moreover, Australia's move to provide regulatory clarity for physically backed crypto ETFs sets a framework for other counties to follow should they choose.

Disclosure: The author held no positions in the aforementioned securities at the time of publication.

Two months ago I bought my first crypto currency.

I tipped in $ as an experiment, hoping that having some skin in the game would help me better understand this brave viel geld verdienen im internet financial world.

Am I still confused? For sure. 

But it doesn't have to be so mysterious.

If you're thinking of diving in yourself, here are five things you should really be across first.

1. Jargon, so much jargon

Don't know your DAO from your DeFi? Your Nocoiners from your Altcoin? Your HODL from your Cold Storage?

You're not alone.

The crypto world is full of jargon and acronyms and so much assumed knowledge that it can feel very exclusionary and exclusive.

For example, this is a recent headline from a crypto newsletter I've signed up to:

"Goguen: Alonzo Hard Fork. The Alonzo Protocol upgrade went live on Cardano mainnet around pm enabling Plutus smart contract capabilities."

No. I don't get it either.

The heavy reliance on jargon is not surprising for currencies created by web developers, but for us mere civilians it can make reading about possible investments bamboozling and off-putting.

No surprise, then, that according to crypto trading platform BTC Market's Investor report 77 per cent of Australian crypto holders are aged between (and the same percentage are male).

In short, even though the number of females and older investors are increasing, the "crypto bros" who speak the lingo are still running the show.

2. There is no crypto

There is no set-and-forget course to teach you everything you need to know about crypto.

Digital currency is evolving in real-time, at lightning speed, so becoming informed and staying that way is a never-ending process.

"There is a lot of information and you can get overwhelmed," agrees Steve Vallas, CEO of Blockchain Australia.

"The challenge is getting quality information as the ecosystem develops."

I found a good place to start is ASIC's Moneysmart website, bitcoin investing australia opening, which has a primer on crypto currencies and initial coin offerings (ICOs).

New projects usually post a 'white paper' for investors, but Moneysmart warns they aren't always accurate.

Mr Vallas recommends going to how can you start investing in stocks financial services brands for their analysis of potential investments, though most crypto assets aren't regulated in Australia and many individual advisors are unwilling or unable to competently advise on digital coin strategies.

In fact, BTC Market's Investor survey found only 2 per cent of crypto investors said the most important factor in their decision-making was guidance from a broker or financial adviser.

Ten per cent cited 'finfluencers' or social media as their biggest consideration and 8 per cent took their cues from family and friends.

BTC Markets CEO Caroline Bowler said the absence of professional advice was concerning.

"We're talking about Australians putting in considerable amounts of their own personal wealth and there is a need for those professional services to spring up around it," she said.

Until that happens, Mr Vallas's best advice is to "go wide" and read as much as possible.

3. You will be bombarded by people trying to sell you stuff (and some are scammers)

"Start earning crypto rewards today!"

"Guaranteed minimum x returns!"

As soon as you start searching about crypto, or posting on socials about it, be prepared for a lot of spam trying to get you to sign up to an AMAZING launch/product/vehicle with GUARANTEED RETURNS!

Some of these are bitcoin investing australia opening investment projects which, like any business, may fail or may succeed.

Some of them will turn out to be "shills" who will "pump and dump".

In non-crypto-speak, that means people with a profile, bitcoin investing australia opening, who will pump up a particular coin to their followers, bitcoin investing australia opening, and when plenty of other people have bought in and pushed up the price, will sell their holdings.

And a significant number will turn out to be scams.

So what is left for me to learn? Well, a lot.

Australians lost $70 million in investment scams in the first half of this year, and more than half of that was lost in cryptocurrency scams, according to the ACCC. 

The consumer watchdog wants us to be particularly wary of anything promising low risk and high returns, apparent celebrity endorsements (as they can often turn out to be fake), bitcoin investing australia opening, or anything relying on the supposed expertise or algorithm of a crypto-genius.

I wasn't quite prepared for just how much spam and push-selling I would get, bitcoin investing australia opening. Have your guard up and if it sounds too good to be true, it probably is.

4. What drives prices?

This is a bitcoin investing australia opening one, and something I am still far from understanding myself.

When a single tweet from Elon Musk can send prices soaring or bombing, just how bitcoin investing australia opening is this whole game or is it mostly driven by sentiment and FOMO [Fear of Missing Out]?

"Absolutely FOMO drives some of the activity," Steve Vallas says.

But it's a lot more complicated than that, he adds.

Professional traders use sophisticated models to predict where prices will go.

For early-stage investments in new crypto currencies (there are now thousands of crypto currencies, crypto assets and crypto commodities), things like the protocol, the team behind it and the stage of investment are all factors.

The "mining" process (creating the coin) is also a factor, with more difficult mining processes meaning it's more difficult to increase supply therefore putting upwards pressure on the price when demand is high.

One of the most widely used charts for predicting Bitcoin changes is the "stock-to-flow" model, bitcoin investing australia opening, though recent deviations in Bitcoin's price from what the model predicted mean people have questioned its worth.

Around half of the total value of all the crypto currencies is in Bitcoin, and it's often called "digital gold" because it shares some attributes with the precious bitcoin investing australia opening, including scarcity, bitcoin investing australia opening, and investors using it as a hedge against movements in currency markets.

The one thing that's certain is that prices are extremely volatile and sometimes there may be no obvious reason for changes in a token's worth.

You'll know when I've figured out how to predict a crypto currency's worth because I'll be hanging up my reporter boots bitcoin investing australia opening will be off to the Bahamas*.

(* this is not happening any time soon)

5. Crypto is tribal

Much like Tesla and Apple have their fan-boys and bitcoin investing australia opening, and their love of a brand becomes part of their identity, believers in particular crypto protocols can become evangelical.

There are the Bitcoinists (who might refer to other currencies as "shitcoins") and see themselves as the original warrior true believers of crypto.

Ethereans, bitcoin investing australia opening, or devotees of Quickest way to make money skyrim, love the cooperation of its open source protocol and often use unicorns and rainbows in their profiles.

No-coiners are the anti-crypto team, the sceptics who question the whole digital coin ecosystem, but are still enmeshed in the world.

And of course the true believers in the smaller coins (hello Elon Musk and Dogecoin) who can get carried away in their own hype about the power of their chosen currency.

Read too much from proponents of one coin, and bitcoin investing australia opening like if bitcoin investing australia opening hang with mates who all barrack for the same football team, you're more likely to get sucked in too.

It's fun to watch the battles on social media though.

So what is left for me to learn? Well, a lot

Honestly, after bumping up my investments to $ and trying to learn about crypto with the very limited free time I have, it still feels more like I'm taking a punt than making a strategic decision.

That's why I always keep in mind some sound advice – never spend more than you can afford to lose.

But I know I have to keep trying to bitcoin investing australia opening, because with big institutional investors bitcoin investing australia opening governments all getting into crypto and the blockchain technology behind it, it's only becoming more embedded in our financial system.

And that means we will all have to understand it sooner or later.

This is general bitcoin investing australia opening only. If you need personal advice, please seek out a professional.

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Australian Cryptocurrency Exchanges March

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Thanks for visiting Canstar, Australia’s biggest financial comparison site*

Whether it's in the news, in conversation or offered as bitcoin investing australia opening payment option, it's hard to avoid cryptocurrency. The recent surge in the price of Bitcoin and the speculative chatter about what it all means has seen a lot more SMSF investors taking cryptocurrency more seriously.

We're often asked how something as stringently regulated as an SMSF could invest in something as decentralised and untraditional as cryptocurrency. To help answer this, we've outlined a few key areas that SMSF trustees and advisers should consider if they're looking to add cryptocurrencies, like Bitcoin, into their portfolios.

Back to Basics

Before we get into the nitty gritty of cryptocurrencies, let's get back to basics, bitcoin investing australia opening. While cryptocurrencies have the same characteristics as traditional money, they don't exist in the same physical form. Much like cold hard cash, cryptocurrencies such as Bitcoin can also be used to pay for goods and services. The primary difference is that cryptocurrencies are decentralised digital currencies, which means they have no political or geographical borders. In the bitcoin investing australia opening of a central bank or administrator, cryptocurrency transactions take place directly between users without the need for a third party like a traditional bank.

Following the early surge of Bitcoin, many SMSF investors are adding cryptocurrencies to their portfolios as an investment, rather than using it as a currency per se. Because of their decentralised nature, cryptocurrencies have many investors divided; SMSF trustees need to be aware of the risks and regulations of holding cryptocurrency in an SMSF.

Trust Deed & Investment Strategy

Unlike bitcoin investing australia opening investments, bitcoin investing australia opening, crypto assets don't generate an income, and the investment strategy is based purely on the expectation that the cryptocurrency will appreciate in value. The lack of defined return is divisive, with some investors arguing that crypto investments are inappropriate for SMSF, while others draw comparisons to gold and other traditional stores of value.

At this point, the Australian Tax Office dsn't recognise cryptocurrencies as legitimate because it's not officially recognised as legal tender by any country. As it's considered an asset for capital gain, for tax reasons, the SMSF trust deed and investment strategy would need to allow for 'crypto-assets.'

Sole Purpose Test

The sole purpose of an SMSF fund is to provide retirement benefits to its members, or to their dependents, should its members die before retirement. Trustees of an SMSF, either considering or holding cryptocurrency, need to be clear that the investment can't be intertwined with personal assets. Doing so would breach the sole purpose test.

Identification and Ownership

To trade in cryptocurrency, you'll need a unique encrypted code, known as a wallet. The wallet essentially acts as the address which transactions are sent between, bitcoin investing australia opening. An SMSF needs its own wallet, entirely separate to any that you may have in your name for personal cryptocurrency investing. Any investments made into cryptocurrencies must be identified as belonging solely to the SMSF, bitcoin investing australia opening, and not mixed in with personal assets.

As wallets are virtual and only identifiable via an IP address, it can be difficult for the fund to have the asset registered in any name. Trustees wanting to invest in cryptocurrencies need to make sure the auditors of the SMSF can identify the following:

• Trading history for the wallet at the IP address. This needs to match up precisely with the transactions from the bank account of the fund. To ensure the accounts are easily traceable, it's recommended the SMSF opens a separate bank account for cryptocurrency trading. Auditors will check that the transactions are for the sole benefit of the SMSF, and not an individual.
• As the wallet can't demonstrate that the investment is held for the SMSF only, a deed of trust or similar document confirming the fund is the beneficial owner of the cryptocurrency, is required.

Valuation

Any assets held by a super fund must be valued at market value, bitcoin investing australia opening. SMSF trustees should be aware that any cryptocurrencies held by an SMSF will be adjusted to reflect the market value as at 30 June of the relevant financial year.

Tax Consequences

In the eyes of the ATO, Bitcoin and other cryptocurrencies are considered an asset, bitcoin investing australia opening. Selling them at a profit triggers a capital gains tax event which would similarly attract capital gains tax. On the flip side, if the asset is sold at a loss, a capital loss is triggered. It's worth mentioning that costs involved in trading cryptocurrencies can't be claimed as a tax deduction and instead, form part of the cost base of the crypto asset.

If the bitcoin is sold while members of the SMSF are in pension phase, the gain is exempt from any tax consequences.

H&R Block SMSF Solutions

Depending on your financial situation, a self-managed super fund (SMSF) can give you more control over your superannuation and retirement. With complicated rules and strict governance in place, those looking at investing in cryptocurrencies should always seek qualified and bitcoin mining output calculator advice.

The H&R Block SMSF Solutions team can provide you with a full range of SMSF services to help you set up, manage and maintain your SMSF. Talk to us today about planning for tomorrow.

Disclaimer: The information provided is general in nature, and as such it should not be relied upon for making decisions without seeking expert opinion or personal advice. H&R Block disclaims all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable, for any loss or damage whatsver (including human or computer error, bitcoin investing australia opening, negligent or otherwise, by one or more of the authorities, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice provided. The user must accept sole responsibility associated with bitcoin investing australia opening use of the material in this article, irrespective of the purpose for which such use or results are implied, bitcoin investing australia opening. The information applies the law as stated at the time of writing, and is no substitute for financial advice.