Australia Encryption Survey Report: Regulatory Progress Still Fails to Boost Market, Nearly 60% of the Public Express Distrust in Encryption Assets

[Australia Crypto Survey Report: Regulatory Push Still Fails to Boost Market, Nearly 60% of the Public Express Distrust in Crypto Assets] Despite the current Albanese government's introduction of one of the most ambitious digital asset regulatory reforms in the country's history, Australia's Crypto Assets adoption rate remains stagnant. According to the fifth annual “Australia Crypto Survey Report” released by the crypto exchange Swyftx on Wednesday, the crypto holding rate among adults remains unchanged, and public trust in digital assets continues to decline. According to the report, nearly 60% of Australians say they do not trust Crypto Assets, up from 57% last year. Among those who have never held digital assets, the biggest barrier is their belief that the encryption industry still lacks clear regulatory rules.