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.

cross-posted from: https://exploding-heads.com/post/64403

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.