Crypto entrepreneurs say aggressive enforcement by the corporate regulator and the Albanese government’s failure to make laws governing digital assets are forcing product development to be done in secret and pushing new businesses offshore to more supportive jurisdictions.

The government’s inaction and the regulator’s anti-innovation stance were hindering the country’s ability to keep pace with financial innovation that is poised to disrupt capital markets and redefine money in the digital economy, company founders told The Australian Financial Review Crypto and Digital Assets Summit.