We have seen some of the assets backed crypto coins in the market on the way and do you guys think this will be the future as this is directly based on national assets like gold and other products like charcoal and energy based products. This will help in growth of country's economy if not taken over by greedy corporatesand and and will it have government's support or soft corner in the regulator's eye as it will bring in some money from outside.
There is a lot of constraints existing with assets backed by crypto coins. First thing is the government in which cannot totally eradicate greedy people, corrupt officials, and officials who have no idea with crypto itself usually they dump directly concerns like these. Second one, third party existing here in which somehow good but at some point taking the control over which at some point breaks the very nature of crypto currencies. Lastly, not all people, companies are into crypto some of them fear it the most.