Australian Parliament Member: The digital asset industry can bring $60 billion in revenue to the national economy

ChainCatcher news, Australian Member of Parliament Andrew Charlton stated at the 2024 Australian Blockchain Week held in Sydney that the country's productivity growth rate has reached a "fairly healthy" 2.1% in the 21st century, but it is now simply insufficient to sustain the basic growth of living standards. He supports increasing the adoption of blockchain in Australia, believing it can reverse the slow productivity growth seen over the past thirty years.

Charlton said, "In the right environment and with the right regulations, the digital asset industry could bring up to $60 billion in revenue to the Australian economy each year." However, he expressed dissatisfaction with the Australian government's slow progress in formulating regulations for digital assets.