News : Cryptocurrency

Cryptocurrency

Cryptocurrency significant appeal real

cryptocurrency appeal

A recent survey has shown the appeal of cryptocurrency is significant, with a good proportion of Australians gravitating toward these types of assets.

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Cryptocurrency

Cryptocurrency still an investment only

cryptocurrency superannuation

Cryptocurrency is still classified only as an investment, and not a currency, for superannuation purposes limiting it use within those funds.

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Cryptocurrency

SMSF investment in cryptocurrency grows

SMSF cryptocurrency

Cryptocurrency is proving to be an increasingly attractive investment option among SMSFs, a bitcoin investment expert says.

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Cryptocurrency

Future of crypto likely to be less volatile

SMSF crypto

SMSF investors should not assume cryptocurrency’s 2017 extreme highs and lows will be a template for its future performance, a digital asset investment expert says.

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Cryptocurrency

Crypto needs specific focus

Cryptocurrency investment

Cryptocurrency investments require specific treatment in an SMSF investment strategy, a specialist auditor has said.

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ATO, Cryptocurrency

ATO to review SMSF cryptocurrency purchases

The ATO has started reviewing transaction data to ensure SMSFs who invest in cryptocurrency are complying with their tax obligations.

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Cryptocurrency, Tax

Tax treatment of cryptocurrency evolving

The ATO is expected to continue to develop its position on the tax treatment of cryptocurrency as the digital currency gains greater interest from average investors, as well as SMSFs.

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Cryptocurrency, Investments

Cryptocurrency becoming a mainstream asset class

Cryptocurrencies such as bitcoin are becoming viable alternatives to traditional fiat currencies and are gaining traction within investor portfolios globally. Today, cryptocurrencies are increasingly being viewed as not only a medium of exchange, but also a store of value among other things.

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Cryptocurrency

Cryptocurrencies may add to compliance: ATO

The ATO has warned SMSFs to ensure appropriate independent advice is sought before investing in cryptocurrencies as such investments could add to the compliance burden.

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Cryptocurrency

Xpress Super links with Bitcoin Trader

SMSF administrator Xpress Super has formed an alliance with cryptocurrency brokerage Bitcoin Trader to allow it to offer SMSFs investment options in five cryptocurrencies. 

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