Digital assets could add $40B a year to Aussie GDP: Tech Council report
Digital assets could add $40B a year to Aussie GDP: Tech Council report
cointelegraph.com Digital assets could add $40B a year to Aussie GDP: Tech Council report
The Tech Council of Australia and Accenture have released a glowing report on the outlook for the digital assets sector, labeling it a $40 billion opportunity.
The report estimates digital assets — such as cryptocurrencies, stablecoins, tokens, and Central Bank Digital Currencies (CBDCs) — could deliver an “80% reduction in retail payments costs by 2030,” save Australian businesses 200 million hours per year by automating tax compliance and administration, and a further 400,000 hours in preparing documents for business loans.
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