PSA for Australian bitcoiners with SMSFs. The ATO published crypto audit guidance in October that says holding statements alone aren't sufficient evidence. Auditors must obtain "additional objective, supportable evidence." For exchange-held bitcoin, there's a path. For self-custody, there's nothing prescribed. If your auditor can't verify your holdings, they must qualify your audit and report you for a Reg 8.02B breach. That's not optional. ASIC took action against 28 SMSF auditors in H2 2025. The ATO is doing office visits. Reg 8.02B breaches are up to 12% of all SMSF breaches and rising. And from July, accountants become AUSTRAC reporting entities. The government isn't coming for your keys. They're coming for your paperwork. And if the paperwork problem isn't solved, the next step is forcing SMSF holdings onto exchanges or approved custodians. Don't give them the excuse. I wrote up the full picture with primary sources: https://blog.dpinkerton.com/posts/smsf-bitcoin-self-custo…