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UK Government Shuts Down Proposed Gold-Collateralized Cryptocurrency

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. UK’s Digital Gold Project is Dead in The Water According to reports by Reuters, the planned project called Royal Mint Gold (RMG) was to launch in 2017…
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