Post
Topic
Board Economics
Re: Asset backed cryptocoins?
by
alexsandria
on 07/11/2019, 19:14:49 UTC
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.

That is totally unsettled in first place. A company backed asset by crypto is totally a tough one because there is a lot of potential risk out that in worst case scenario is that they might be turning down their businesses as if they have no more support. Usually a company looks always a head, in the future so when it comes to this that is totally understable if they are against in crypto but if they did not and confidently use crypto, well, there may be some unclear thoughts out there.