Australian Tax Office Determines Retirement Portfolios Fully Backed By Crypto Are Illegal

2019-8-17 16:56

The Australian Tax Office has recently declared that any kind of self-managed fund that is backed only by crypto is breaking the law. Despite what it may look like, this is not a change or a new approach.

No Australian retirement fund can have more than 90% of its value in a single asset class. […].

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