Company running Perth Mint cryptocurrency withdraws support for tokens, but questions linger over GoldPass app

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The company that runs the Perth Mint's cryptocurrency announces it will no longer support the digital tokens because of alleged breaches of Australian and US laws by the mint.

A Perth Mint spokesperson said the token was still available because discussions with Trovio were continuing.

Internal mint documents seen by the ABC show that as of May last year, the organisation had plans to "fully terminate" the service by August 2023. A Perth Mint spokesperson said the organisation did not comment on the commercial details of individual products. The registration process takes minutes and only requires a driver's licence or passport and bank account under the same name.Investors can then use the app to buy and sell physical gold and silver, without a maximum amount on how much can be held in an account, which can be converted to cash or physical metal at any time.

 

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Wouldn’t that be a government crypto then? No thanks we want less government

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