Signal Capital Management company based in New York, has introduced PetroDollar.
A Cryptocurrency backed by oil and gas reserves.
Currently it is undergoing regulatory-compliant private placement to accredited US and Foreign Investors.
They are planning to launch an ICO of upto $700 million in size some time in late 2018.
Will this completely change the current scene of BLockchains and crytpocurrency??
Or will this ring in the regulations that many governments want to implement on the Crypto markets ??
What do you think ?