The ATO alerts trustees of organisations who offer trustees help to set up a fund or use their existing fund to invest in crypto assets. However, some of them are not licensed to provide financial advice. This means the usual consumer protections and access to the Australian Financial Complaints Authority are not available for using these services.
The ATO then highlighted both regulatory and tax issues that SMSF must consider.
They also must keep records of all transactions associated with acquiring, holding, and disposing of crypto assets.