Australia could become the world’s next cryptocurrency hub.

What about investors?
The paper even suggests that Initial Coin Offerings may – in some cases – be profitable for investors.“While industry and media reports indicate that a large number of digital tokens lose value after the ICO, token-holders may benefit if the token’s value appreciates over time,” the paper says.“Further, the digital tokens offered via ICOs may, over time, become a more accepted asset class in a diversified investment portfolio.“So long as the incentives faced by fundraisers and investors are sufficiently aligned, ICOs could help to improve the efficiency of capital allocation and contribute to economic growth.”The treasury then talks about how an ICO-friendly jurisdiction could attract other cryptocurrency related businesses and generate positive flow-on effects for the wider economy.“Examples of such services include digital token exchanges and wallet providers as well as legal and financial consulting services,” the treasury says.“In particular, it is reasonable to expect that increased ICO activity would result in law and professional services firms investing in these capabilities as well as new specialist firms entering the market.”

Full story here  :
https://micky.com.au/australian-government-takes-unique-stance-on-cryptocurrency/