Author Archives: The Gold Chronicle

perth bars and mint coins

Cryptocurrency backed by gold being developed by Perth Mint

Australia’s biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals. The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold. AUDIO: Perth Mint chief executive Richard Hayes talks about plans to develop a crypto-gold product (ABC News) The mint also plans…

Queen of England in Gold Vault

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 sells physical gold, is the…

Chines Gold-Yuan

China’s IT Ministry Wants A Blockchain Standard System ‘As Soon As Possible’

China’s Ministry of Industry and Information Technology (IT) has conducted a study on Blockchain technologies in order to promote the “formation of a complete Blockchain standard system as soon as possible,” according to a press release published yesterday, March 12. The Information and Software Services Division of the Ministry of Industry and IT, along with the China Electronics Standardization…