Australia snubs Bitcoin and other tech as budget week ends in disappointment
Portfolio Pulse from
Australia's recent federal budget has left the technology sector frustrated, with minimal mentions of key emerging technologies like AI, quantum computing, and blockchain. Despite promises of future tech job growth, the budget lacks substantial new spending or clear regulatory frameworks for emerging technologies.
March 29, 2025 | 10:00 am
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NEUTRAL IMPACT
The Australian budget made no significant mention of Bitcoin or cryptocurrency regulations, leaving the crypto ecosystem in a state of uncertainty.
While Bitcoin was not directly addressed, the lack of clear regulatory framework and investment signals potential regulatory caution, which could impact crypto market sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50