Perth Mint cryptocurrency - Gold Pass

[Golden ChipMunk]

We are not aware of this. Really??

Perth Mint cryptocurrency

Premier not informed about token end

Premier Mark McGowan was the minister responsible for the mint at the time the PMGT was launched.

But when asked about it today he said he didn't have any memory of it being brought to his attention at the time, and said he "hadn't been informed" about its looming end.

"I don't have any recollection of anything about cryptocurrency," he said.

Mr McGowan denied that illustrated a lack of communication between the mint and government, and within government.

Further Reading
Source -
https://www.abc.net.au/news/2023-03...yptocurrency-questions-for-goldpass/102120160

 

[Bullion Baron]

The company that runs the Perth Mint's cryptocurrency has announced it will no longer support the digital tokens because of alleged breaches of Australian and US laws by the taxpayer-owned organisation, in a move understood to have surprised the mint.

Around 1,195 Perth Mint Gold Tokens have been issued since they were launched, representing 1,195 ounces of gold – worth about $3.5 million and sold to customers in Australia and the US.

If I had to guess, this volume is a huge failure for 3-4 years trading and the company that runs the program is just using the recent controversy as a convenient scapegoat to get out of operating a product no one is using...

 

[boston]

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