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[Australia 40-year economic outlook acknowledges a AI revolution but makes no mention of cryptocurrency]
Australia’s Treasury September 22 released the latest Intergenerational Report. This 40-year economic outlook identifies artificial intelligence as of major transformations expected to profoundly affect the economy in the future, but makes no mention of cryptocurrency throughout. The report states that agentic AI systems have become “significantly” more autonomous, capable, and widely used, with performance on certain benchmarks already exceeding human levels. The other major transformations are geopolitical conflict, population ageing, the transition to clean energy, and Australia’s industrial transition toward services. Coinbase Australia Country Director John O'Loghlen said in an emailed comment that the report makes clear that Australia’s prosperity over the coming years 40 years will depend heavily on its ability to adopt new technologies and improve productivity, but while the report focuses on artificial intelligence, it entirely overlooks the financial infrastructure these agents require. Previous Intergenerational Reports likewise did not address digital assets. Despite this omission, the Reserve Bank of Australia earlier this year increased its focus on tokenized finance and financial-infrastructure upgrades. The Digital Finance Cooperative Research Centre estimates that digital-finance innovation could generate annual economic benefits of 24000000000 Australian dollars (approximately 17100000000 USD). The Treasury’s September 3 separately released Financial Innovation Strategy report addresses the relationship between AI and financial infrastructure, stating that agentic systems may increase automation and machine-to-machine transactions, creating greater demand for real-time, interoperable, and programmable payment systems.
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