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Australia could unlock A$24 billion in digital finance gains, is on track for just A$1 billion

🤖 GG AI Summary

A report backed by OKX highlights that Australia could unlock A$24 billion annually through tokenization and digital finance, but current progress is limited to just A$1 billion. Significant productivity gains depend on reforms to licensing, regulatory sandboxes, and financial market rules. This indicates strong potential for growth if regulatory changes are implemented.

Sentiment: 70% Bullish

An OKX-backed report estimates tokenization and digital finance could generate A$24 billion annually, with productivity gains hinging on reforms to licensing, sandboxes and financial market rules.

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