Perth Mint, Australia’s official gold bullion mint established in 1899, is collaborating with Security Matters (SMX), an information technology firm listed on the Australian Securities Exchange (ASX), to launch a blockchain-based gold supply chain traceability project, reports ZDNet on February 5, 2020. origin »
Reuters reports that Britain’s Royal Mint has halted plans to launch a digital gold token after a partnership with US exchange group CME failed and the UK government vetoed a plan to have the tokens traded on a crypto exchange.
Britain’s Royal Mint, a wholly government-owned mint whose primary objective is to create gold and silver coins for the state, will not be launching its gold-backed cryptocurrency any time soon, as the U.
The UK’s Royal Mint has canceled the launch of its gold-backed cryptocurrency after its failed partnership with Chicago-based CME Group. The government denied other plans to trade the tokenized gold assets on a cryptocurrency exchange.
In this edition of The Daily, we cover the U. K. Royal Mint’s decision to freeze a plan to issue digital gold tokens. We also look at a new Australia Post ID verification service, as well as a warning by the Maltese financial regulator about a cryptocurrency investment platform.
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UK Government Vetoes Royal Mint’s Plans for Digital Gold RMG due to Market Conditions
A plan to create a crypto asset representing physical gold holdings proposed by Royal Mint was blocked by the UK government.
The British government has stopped Royal Mint’s plans to list a blockchain based gold token (RMG) on an unnamed crypto exchange. The reason for the government veto is unclear, but...
The post UK Government Stops Royal Mint’s Tokenized Gold appeared first on Trustnodes.
Королевский монетный двор Великобритании (Royal Mint) заморозил процесс, связанный с выпуском криптовалюты Royal Mint Gold (RMG), обеспеченной физическим золотом. Несмотря на то, что он заключил договор о сотрудничестве с Чикагской товарной биржей (CME Group), правительство страны наложило вето на эти планы.
The U. K. ’s Royal Mint plans to create a digital token backed by physical gold has been shelved after U. S. -based derivatives exchange, the CME, dissolved a partnership between the two entities and the government stepped in to block proposed trading on a cryptocurrency exchange.
Британское Министерство финансов отказалось от идеи Королевского монетного двора эмитировать криптовалюту Royal Mint Gold (RMG) общей стоимостью 1 млрд долларов, подкрепленную правительственными золотыми запасами, хранящимися в резервах двора.
Британский Королевский монетный двор отказался от идеи запуска «золотого» токена (Royal Mint Gold) после того, как прекратил сотрудничество с Чикагской товарной биржей (CME), а правительство наложило вето на план по торговле токенами на выбранной в качестве альтернативы криптовалютно...
Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
Perth Mint, Australia’s official bullion mint controlled by the Government of Western Australia, has deepened its existing partnership with Security Matters (SMX) to launch The trueGold Consortium, according to a report on August 3, 2020.