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.

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