Bitcoin, Crypto currency, Blockchain

The UK government says Coin with Gold capping

19abc073584eaef69448760437634bb7 - The UK government says Coin with Gold capping

The UK government projects says to Coin with Gold capping

Home News Britain’s government says it plans to Coin with Gold capping

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Matthias Nemack –
26.10.2018

Actually, the company, CME wanted to bring a new Token with the ceiling through the precious metal Gold at the Start. These current plans were, but now says the government of great Britain. At least for the time being.

Partnership was not able to convince the government

This will not please the US company CME: news portals such as Reuters announced the approaching weekend that the plans for the introduction of a new gold tokens because of the state’s “resistance” in the meantime, nothing can be. The measures of the American stock exchange group and the UK-based provider Royal Mint were well advanced already, as the current Reports. An important reason for the failure of the cooperation of the two companies. The trade with the new Coin should actually be working on a CME proprietary trading platform, on the Basis of the Blockchain technology. For Bitcoin and similar currencies, this is certainly also a touch of a Finger only the political direction of the British government.

Gold trade should to some extent be digitized and modernized

The equivalent of a maximum of one billion US dollars – here in the trade media, different information – would have to find the way to the market. Background the creation of a model that should allow investors to trade physical gold, the reserves of the Royal Mint should be stored. In the course of planning, some complications occurred, such as Reuters informed. A new stock market partnership around couldn’t save the goals of CME. The group had been looking for a first refusal to the beginning of the year, a Partner.

View of the British mints should not be put at risk

The British government had argued, among other things, concerns about the reputation of the local mint (by the way, entirely state-owned) as an explanation for the cancellation. Overall, the government of the United Kingdom presents therefore continue to be skeptical and cautious at the same time, if it currencies to clear usually works for Crypto and the Blockchain. The competent authorities such as the financial Supervisory authority to deal with the question of whether and in what Form, rules for the crypto-market, trade exchanges, and Fintech start-UPS, this Saves. This applies, of course, not new currencies, but also models like the Litecoin or Ethereum.

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