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crypto-currency

Cryptocurrency, such as bitcoin, is an allowable SMSF asset by iCare Super. 

When you trade any crypto assets, please follow the steps as below:

  1. Check if your trust deed and investment strategy allow trustee to invest in crypto-currency, such as bitcoin. Please note any SMSFs set up by iCare Super will allow trustees to invest in crypto-currency
  2. Crypto-currency and bitcoin must be purchased in the name of your SMSF (or SMSF trustee)
  3. Purchase the crypto and keep all in your wallet
  4. When you sell crypto assets, you need to transfer the proceeds to the SMSF bank account
  5. If possible, check your auditor is comfortable with auditing bitcoin or crypto-currency. The auditor at iCare Super can audit these crypto assets.
  6. Some shares can by bought using bitcoins, these shares must be bought in the name of your SMSF (or trustee)

 

 

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