A recent study presented at the Australian Digital Economy Conference suggests that Australia could unlock billions in economic gains through digital finance innovation and tokenization. The research highlights a potential annual contribution of 1% to the country's GDP, with foreign exchange markets representing a significant opportunity worth approximately US$4.8 billion annually. Other key areas include cross-border payments at US$7.6 billion, and niche markets like carbon credits. However, the report warns that Australia is not on track to realize these gains without strategic collaboration and regulatory reform. Current engagement with the government is ongoing, but significant barriers remain, including outdated infrastructure and unclear regulations. Experts stress the importance of clear licensing rules to foster innovation. The findings indicate that while foundational elements for becoming a global digital finance hub exist, accelerated action is needed to harness the full potential of Australia's digital economy.

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