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Australia Compares Bitcoin to 'Prison Money', Sparking Controversy Over Crypto RegulationIn a recent meeting, Rhys Bollen, head of the digital assets division of the Australian Securities and Investments Commission (#ASIC ) made a controversial comparison, calling Bitcoin "like tobacco used as currency in prison." This statement came as ASIC is discussing the application of the Non-Cash Payment Facility (NCP) law to digital assets, provoking strong reactions from the crypto community.

Australia Compares Bitcoin to 'Prison Money', Sparking Controversy Over Crypto Regulation

In a recent meeting, Rhys Bollen, head of the digital assets division of the Australian Securities and Investments Commission (#ASIC ) made a controversial comparison, calling Bitcoin "like tobacco used as currency in prison." This statement came as ASIC is discussing the application of the Non-Cash Payment Facility (NCP) law to digital assets, provoking strong reactions from the crypto community.
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