How do franking credits work in relation to ASX dividend stocks?

Franking credits, also known as imputation credits, are a tax benefit offered to Australian shareholders when a company pays dividends. They represent the tax already paid by the company on its profits. Australian residents can use franking credits to offset their tax liabilities or claim a refund if the franking credits exceed their tax liability.

What is cryptocurrency?

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security and operates independently of a central bank. It is decentralized and utilizes blockchain technology to record and verify transactions.

Who regulates ASX?

ASIC is a member of IOSCO and therefore, jointly responsible for implementing the CPMI-IOSCO Principles in Australia. ASIC has extensive powers to enforce the laws and regulations that govern financial markets in Australia.