From financialnewswire.com.au: BTC Markets has welcomed the re-election of the Albanese Labor Government, emphasizing that it brings the necessary stability and legislative mandate to advance digital asset regulation in Australia.

The government plans to introduce draft legislation within 100 days, targeting improved transparency, increased consumer protections, and enhancements in competitiveness within the digital assets sector.

Analysts from Accenture predict that a well-regulated digital assets sector could boost Australia’s GDP by $60 billion annually by 2030 and attract significant investment and start-ups in the industry.