Government Adoption


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Gold Mints & Miners Embracing Blockchain

The gold industry is looking into the possibility of tracking the precious metal using blockchain. The Perth Mint is already working with the London Bullion Market Association (LBMA) and two or three other parties to work out which technology is the best and if the gold industry will adopt it. Blockchain is best known as the basis of cryptocurrencies such as bitcoin. But it has many other potential applications such as securing digital contracts and supply chain data. The technology allows a publicly available, tamper-proof…


Russian Gold-Backed Cryptocurrency May Be Used For Weapons Sales

Russian lawmaker Vladimir Gutenev, in an interview with the country’s Tass news agency suggested Russia should use gold-backed cryptocurrencies for collecting money from its export of weapons. The lawmaker said Russia should “consider the possibility of conducting transactions in cryptocurrencies that are linked to the value of gold.” Such a […]


UK’s Royal Mint Launches Gold-Backed Cryptocurrency

The UK’s Royal Mint, the institution responsible for producing all the physical money the country has for circulation, has announced the launch of its own gold-backed cryptocurrency. The Blockchain-based coin, called Royal Mint Gold (RMG), is a digital representation of gold stored in The Royal Mint vault. The Royal Mint Bullion, the Royal Mint company that […]


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