Olivia Long, the founder and CEO of Australian self-managed super fund administration platform SMSFAI, has called out the Australian financial advice industry for their alleged “continued bias against cryptocurrency”.

Long’s attack comes after reports surfaced of a digital assets industry professional being excluded from an Financial Advice Association of Australia (FAAA) event recently, which she claims “sparked outrage”.

The digital asset industry professional was allegedly removed from the FAAA event because the association didn’t want its members discussing cryptocurrencies, a stance Long describes as a “blatant attempt to suppress knowledge, innovation, and progress”.

Long also pointed to the results of a recent survey from market research firm CoreData that suggests Australian financial advisors are significantly underestimating how many of their clients invest in crypto. She said it was a clear sign of the disconnect between advisors and investors.