Australia could unlock A$24 billion in digital finance gains, OKX report finds

A report supported by the OKX exchange estimates that Australia has the potential to unlock A$24 billion ($17 billion) in annual economic gains through tokenized markets, payments, and assets, equivalent to about 1% of GDP, primarily through efficiencies in foreign exchange, capital markets, and cross-border payments. However, the report warns that under its current regulatory trajectory, Australia is only expected to capture A$1 billion of this potential by 2030. OKX Australia CEO Kate Cooper highlighted that this potential gain is crucial for addressing Australia's decade-long stagnation in productivity growth. OKX views Australia as a strategic market where strict, onshore regulation can create a competitive advantage and defensible position against offshore platforms, allowing them to access large local institutional capital pools, such as pension funds. Failure to enact appropriate legislation risks the industry and its capital flowing offshore, leaving Australia in a "death spiral of proof of concepts."

(Source：CoinDesk)