Olivia Long, CEO of SMSFAI, criticized the Australian financial advice industry for its ignorance of cryptocurrency, calling it negligent.
A digital asset industry professional was allegedly removed from a Financial Advice Association of Australia (FAAA) event, sparking outrage.
Research from CoreData shows that Australian financial advisers significantly underestimate how many of their clients have invested in cryptocurrency directly or via crypto ETFs.
The Australian financial advice industry is struggling to keep up with investors' embrace of cryptocurrency, indicating a disconnect between advisors and investors.