New crypto legislation ‘good news’ for SMSF sector: auditor
Shelley Banton, director of Super Clarity, said while there is a lack of regulation in the digital asset industry the draft legislation is “really good news because we’re finally seeing some movement at the station”.
According to research from the Digital Finance Cooperative Research Centre, Australia could capture as much as $24 billion a year in productivity and cost savings by unlocking digital finance innovation.
Currently, businesses can hold unlimited client digital assets without financial law safeguards. Recent collapses overseas have shown the consequences of inadequate oversight.
The Corporations Amendment (Digital Assets Framework) Bill 2025 introduces enforceable rules for businesses that hold digital assets…
