Do you have to provide proof you still have it? Do you have to provide the government an adress to check its still yours?
Discussion
Good question.
Then they know where to go to get his #BTC
I'm genuinely asking as have no idea. Our government are pricks down here and wondering how full on the process is
It's surprisingly easy.
It also really depends on the auditor (the SMSF accounting company arranges this all for me).
I've heard some interesting stories but I've never had an issue or question raised.
Cheers mate, appreciate the info. Got to get the misses set up with this as she's still in the traditional system.
Never had to do anything other than provide reports at audit time to show transaction and balances.
I haven’t had to provide wallet addresses or proof of keys.
100% self custody safely stored in the cup holder on the boat.
No - you just need to satisfy an SMSF auditor.
This is basically pulling together a report of incoming & outgoing transactions.
There's a lot of trust on their side since it really wouldn't be too hard to falsify it. I doubt that they verify the balance & transactions on the timechain.
I've never had an issue or tempted fate. I just tick their boxes & keep my head down.