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"Innovation is critical to Australia's growth and standard of living," reads the just-released 2016-2017 Australian Federal Budget. "Supporting innovative firms to seize new opportunities will create competition, access to new markets and employment growth."
"This initiative is not just about keeping Australia safe," Scott Morrisson said of the Federal Government's cyber security strategy in his budget speech this evening. "It is an important part of our economic plan for jobs and growth." $195 million has been set aside, building on the $38 million announced in the National Innovation and Science Agenda.
The government's just-announced 2016 Federal Budget will see the "encouragement" of private companies and the government itself exploring blockchain technology, the peer-to-peer protocol popularised by bitcoin. New legislation, too, will ensure that Australian citizens are not double-taxed when they use, buy and sell digital currencies like bitcoin itself.