Newsflash: UK Govt. Halts Royal Mint’s Plans for Gold-Backed Cryptocurrency

Newsflash: UK Govt. Halts Royal Mint’s Plans for Gold-Backed Cryptocurrency


The UK government has blocked a Royal Mint plan to create a “digital gold” token that would trade on a cryptocurrency exchange. According to sources cited in Reuters, the British finance ministry refused to approve the 1,100-year old Mint’s plans to issue as much as $1 billion worth of “Royal Mint Gold” (RMG) tokens, which

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Posted by Josiah Wilmoth on October 25, 2018 @ https://www.ccn.com/newsflash-uk-govt-halts-royal-mints-plans-for-gold-backed-cryptocurrency/

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