Digital Finance Could Deliver $17 Billion Annual Boost for Australia
Australia could gain $17 billion annually from digital assets, but only if lawmakers implement clear regulations and supportive infrastructure.Summary
A report by the Digital Finance Cooperative Research Centre (DFCRC) suggests that Australia has the potential to unlock $24 billion AUD ($17 billion USD) annually through advances in tokenized markets and digital assets. However, this potential hinges on lawmakers addressing current constraints like regulatory uncertainty and limited pilot pathways.
The DFCRC recommends establishing a regulatory sandbox to test new technologies, such as tokenized government bonds and a wholesale CBDC, fostering collaboration between regulators and industry. Key economic gains are projected from tokenizing assets to improve market access, liquidity, and efficiency in areas like collateralized lending and automated settlement via smart contracts.
Without substantial regulatory changes, the DFCRC estimates that Australia's economic gains from crypto could drop drastically to just $1 billion AUD ($710 million USD) by 2030. OKX CEO Kate Cooper emphasized that clear regulatory frameworks are essential to build trust, attract capital, and secure Australia's position in global finance.
(Source：Cointelegraph)