UK Government Shuts Down Proposed Gold-Collateralized Cryptocurrency8.74

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.

According to reports by Reuters, the planned project called Royal Mint Gold (RMG) was to launch in 2017 initially. However, CME which ought to offer a trading platform for the tokenized gold pulled out last minute.

Original source
https://ethereumworldnews.com/uk-government-shuts-down-proposed-gold-collateralized-cryptocurrency/

Add comment

Please Sign in to be able to leave comments.