According to ChainCatcher, Australian MP Andrew Charlton said at the 2024 Australian Blockchain Week in Sydney that the country's productivity growth rate reached a "quite healthy" 2.1% in the 21st century, but is now simply not enough to maintain basic growth in living standards. He supports increasing the adoption of blockchain in Australia, believing that it can reverse three decades of slow productivity growth.
Charlton said: "With the right environment and regulation, the digital asset industry can bring up to $60 billion in revenue to the Australian economy each year." But he is dissatisfied with the Australian government's slow progress in formulating digital asset regulations.
