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Analysis: Digital financial reform may increase Australia's GDP by 1% annually

On June 16, the latest research from the Australia Digital Economy Conference showed that digital financial innovation and asset tokenization can bring billions of dollars in economic benefits to the country every year. Among them, the potential of the foreign exchange market reaches US$4.8 billion, the cross-border payment field reaches US$7.6 billion, and there are significant opportunities in market segments such as private credit (US$1.34 billion) and public debt (US$1.07 billion). The Digital Finance Cooperation Research Center pointed out that if the current development speed is maintained, only about US$1.8 billion in annual revenue can be achieved by 2030, less than half of the potential value. OKX Australia CEO Kate Cooper emphasized that regulatory clarity and smooth banking channels are the key to unlocking the US$19 billion market potential, and the implementation of the Ministry of Finance's digital asset system needs to be accelerated.

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