According to Decrypt, the Australian encryption industry has been in turmoil recently due to controversial remarks made by the head of the digital assets department of the Australian Securities and Investments Commission (ASIC). At a liaison meeting on Wednesday, Rhys Bollen, in response to a question about whether non-cash payment facilities (NCP) regulations should be applied to digital assets, compared Bitcoin to cigarettes used as currency in prisons, sparking widespread discussion. . Bollen’s comments raised industry concerns about the classification of digital assets, especially regarding stablecoin payments.