Australia’s new 40-year economic vision identifies artificial intelligence as one of five major changes expected to have a profound impact on the economy, excluding any mention of crypto.
The latest Intergenerational Report, published By the Australian Treasury on Monday, agentic AI systems were described as “significantly” more capable, autonomous and widely used – surpassing human-level performance on some criteria. Other major changes are geopolitical conflicts, an aging population, a shift towards clean energy and Australia’s industrial transition towards services.
“The Intergenerational Report makes clear that Australia’s prosperity over the next 40 years will depend heavily on our ability to adopt new technologies and increase productivity,” Coinbase Australia country director John O’Loghlen said in emailed comments. “And while the report focuses heavily on artificial intelligence, it completely misses the financial infrastructure those agents need.”
Previous intergenerational reports also did not discuss digital assets. The Reserve Bank of Australia was left behind earlier this year despite increasing its focus on tokenized finance and financial infrastructure upgrades, while the Digital Finance Cooperative Research Center estimated that digital finance innovations could generate 24 billion Australian dollars ($17.1 billion) in annual economic benefits.
Despite the omission, the Treasury’s separate report is called “Financial Innovation Strategy”. liberation September 3, talks about the connection between AI and financial infrastructure.
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The report states that agentic systems can automate and increase machine-to-machine transactions, creating greater demand for real-time, interoperable and programmable payment systems.
“We have made good progress in recent years, including with the Digital Asset Platform Framework, which has provided much-needed regulatory clarity,” added O’Loghlen.
“The opportunity now is to bring the same focus to tokenized stored-value benefit structures for stablecoins and clear rules for tokenized markets. Those are the rails digital finance – including agentic finance – will drive, and how Australia turns this opportunity into reality to get them right.”
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