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⛓️ Crypto🔴 Bearish

Australia is at risk of missing the $17B crypto boat, researchers say

CoinTelegraph|Cointelegraph by Stephen Katte||1 views
Australia is at risk of missing the $17B crypto boat, researchers say
Image via CoinTelegraph
🤖AI Summary

Australia is projected to capture only $710 million in annual economic gains from cryptocurrency by 2030, significantly below a potential $17 billion opportunity according to the Digital Finance Cooperative Research Centre. The research suggests Australia risks missing out on substantial crypto-related economic benefits without major policy or regulatory changes.

Key Takeaways
  • Australia is currently on track for only $710 million in annual crypto economic gains by 2030.
  • Research indicates Australia could potentially capture up to $17 billion in crypto-related economic opportunities.
  • The Digital Finance Cooperative Research Centre warns of substantial missed economic benefits without policy changes.
  • Australia's current trajectory suggests it may fall behind in the global cryptocurrency economy.
  • Significant regulatory or policy shifts would be needed to capture the full $17 billion potential.
Read Original →via CoinTelegraph
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