If You Hold Bitcoin in Your SMSF and Self-Custody It, Read This
This is the third post in a series about SMSF Bitcoin audit evidence. The first post covered what auditors need to verify. The second post compared evidence standards. This post covers the regulatory pressure that is making all of this urgent. Self-custody is the right call. No counterparty risk, no exchange insolvency exposure, your keys, your coins. Most serious bitcoiners wouldn’t have it any other way. But the Australian government is tightening the screws on how SMSF crypto holdings are audited, and if you can’t prove what you hold, your auditor has no choice but to qualify your audit and report you to the ATO. ...