Analysis: Digital financial reforms could boost Australia’s GDP by 1% per year

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According to ChainCatcher, citing Decrypt's report, the latest research from the Australian Digital Economy Conference shows that digital financial innovation and asset tokenization can bring billions of dollars in economic benefits to the country annually. Among these, the foreign exchange market potential reaches $4.8 billion, cross-border payment sectors reach $7.6 billion, with significant opportunities in submarkets such as private credit ($1.34 billion) and public debt ($1.07 billion).

The Digital Financial Collaboration Research Center points out that if the current development pace is maintained, only about $1.8 billion in annual revenue can be achieved by 2030, which is less than half of its potential value. OKX Australia CEO Kate Cooper emphasizes that regulatory clarity and smooth banking channels are key to unlocking the $19 billion market potential, and the implementation of the Treasury's digital asset framework needs to be accelerated.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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