Ripple update: BTC Markets – Australian Digital Currency Exchange – Self Managed Super Fund – now on boarding
Prominent australian crypto exchange today announced that they will be on-boarding self managed super fund accounts who have ‘complying’ status with Australian Taxation Office.
This is huge because:
A) BTC Markets wouldnt provide this support if there wasnt demand for this
B) Self Managed Super Funds are generally the accounts with the amount north of A$200K ( this is average though)
C) This means Australia Taxation Office considers all the digital assets exchanged on the exchange under the same umbrella.
Happy to hear fellow OZs’ views and to fill any knowledge gap that i have.
As always DYOR, i am not a financial consultant.
Research Topics for other countries: Australian Super, Australian Taxation Office, BTC markets
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Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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