However, when the scheduled release date in autumn of 2017 was nearing, the CME Group chose to pull out.
However, the CME backed out of the partnership just prior to the scheduled launch date late past year, delaying the project and forcing the Mint to pursue a cryptocurrency exchange listing to save the venture.
The UK Royal Mint has shuttered its long-running plans to create a digital gold crypto token. These would then have been available to trade on cryptocurrency exchanges, and had been seen by some commentators as the initial tentative steps towards a more central role for cryptocurrency in mainstream finance. One of the unnamed sources purported that "CME's management changed, and they walked away, didn't want to get involved".
More search crews deployed to look for plane off East Coast
It's unknown how many people were on board the plane, but a Piper PA-31 aircraft is capable of carrying up to 9 people. A plane travelling from SC to the Bahamas has gone missing as rescuers search for its whereabouts.
A Treasury spokesman referred Reuters' questions to the Mint.
Governments are wary of cryptocurrencies, and few global standards have emerged to tame extreme price volatility, regular thefts from exchanges and the risk that digital currencies could be used to launder money or finance terrorism.
What's Going To Happen At Apple's iPad And MacBook Event Next Week?
Apple's new iPad Pro is expected to feature minimized bezels and possibly a display notch depending on what rumours you believe . The iPad Pro features a battery life of around 10-hours which is certainly enough to last most long-haul flights.
As reported, the U.K government does not broadly regulate crypto or crypto exchanges, except for certain derivatives such as crypto-based Contract For Differences (CFDs).
With several startups and other mints working on similar projects, the decision could now leave the United Kingdom and the Royal Mint trailing behind, effectively destroying its chances of creating a new multi-billion dollar asset class. Her Majesty's Royal Mint is the institution responsible for producing physical coins for circulation in Britain. The Royal Mint also believed the blockchain platform RMG was based on could be used to track and prove a piece of gold's provenance, as well as support global trades.
However, CME was one of the first companies to launch bitcoin futures trading on its platform previous year; according to Reuters, CME's venture capital sector has also invested in a number of digital assets startups.
Meghan Markle Just Made Her Royal Twitter Debut
The royal couple will move on to New Zealand on Sunday, where they are expected to be greeted by Prime Minister Jacinda Ardern.
"It is not correct to say we have "de-emphasised" digitization and remain committed to pursuing our digitization strategy".