In a bid to bolster support for the burgeoning digital asset industry, the Digital Economy Council of Australia (DECA) has officially launched the ‘Who Supports Crypto?’ campaign. This initiative aims to highlight the significant impact of cryptocurrencies and ensure that policymakers recognize the potential benefits of this rapidly growing sector.
According to the DECA, Australia’s digital asset landscape is thriving, with over 6 million Australians actively investing in cryptocurrencies and approximately $14.6 billion held on local exchanges.
“Projections indicate that by 2030, the digital assets sector could contribute an impressive $68 billion to the national economy. However, the campaign comes at a critical time as uncertainty around regulatory support raises concerns that innovation could migrate offshore” the Council added.
DECA’s campaign seeks to engage both the public and decision-makers in a conversation about the future of digital assets in Australia. “As the facts evolve, so too must our perspectives,” a DECA representative stated. “It is essential for our policymakers to reassess the opportunities that digital assets present for economic growth.”
With an estimated 8 million Australians having invested in or held cryptocurrencies, the campaign aims to amplify the voices of those who support the industry, with the DECA encouraging citizens to express their views and advocate for a “regulatory environment that fosters innovation rather than stifling it”.
“The urgency of DECA’s campaign is underscored by the swift acceptance of digital assets in other countries. As global interest in cryptocurrencies continues to rise, understanding the perspectives of political representatives and leaders in the financial services and banking sectors becomes increasingly important”, the Council noted.
“As the digital asset industry grows, DECA hopes to ensure that Australia remains competitive and innovative in the global market.”
Shogun Lin
