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‘Regulator has no idea’: Industry reacts to ASIC’s warning over SMSF crypto investments

On Monday (17 January), ASIC called on individuals to seek proper financial advice before investing in crypto assets through self-managed superannuation funds.

‘Regulator has no idea’: Industry reacts to ASIC’s warning over SMSF crypto investments
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In response to an increase in marketing that recommends switching from retail and industry funds to SMSFs to invest in crypto, ASIC said that individuals should not rely on social media ads or online contact promoting an “investment opportunity” or “high return” portfolio.

Read more at Independent Financial Adviser

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