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Australian self-managed superannuation funds are waiting for clear signals from regulation to invest in the cryptocurrency space



Time:8/17/2022 12:30:57 PM

[Australian self-management pension funds are waiting for a clear signal from regulation to invest in the cryptocurrency field] Jinse Finance reported that Caroline Bowler, CEO of the Australian exchange BTC Markets, said at an industry seminar on Wednesday that the Australian self-management pension fund (SMSF ) are increasingly interested in investing in cryptocurrencies, but have been disappointed by the lack of regulatory clarity.

"We're approached by financial advisers and we really want to advise our clients on this issue, but we don't know how because it's not regulated yet," Bowler said. This pent-up demand is starting to emerge, especially in the SMSF space.

Given that the SMSF space is valued at $2.3 trillion in 2021 and ranks fifth globally, there is heightened interest in when Australian pension funds might start investing in cryptocurrencies. “Once the regulatory framework is in place and implemented, you’re going to see this avalanche of capital coming into the industry,” said Karl Mohan, managing director of Asia Pacific. (Forkast)

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