Goldmoney joins blockchain gold rush with Royal Canadian Mint


Gold is not only still money but it's getting better all the time.

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By Ian Allison
International Business Times, New York
Wednesday, December 21, 2016

Blockchain builders are filling their boots in the race to tokenize gold on distributed ledgers. Goldmoney Network is the latest platform to do a deal with a vaulted bullion holder -- the Royal Canadian Mint -- following the recent Royal Mint/CME blockchain announcement.

Despite the activities of other players in this market, such as Paxos' Bankchain or Singapore's Digix Global, Goldmoney says it will be the the first to put mint-vaulted gold bullion on a private blockchain globally.

The collaboration allows Goldmoney users to instantly purchase any amount of 100-percent reserved physical gold in the Mint's Ottawa vault using Goldmoney's proprietary, closed-loop blockchain technology, for a 0.50-percent fee and receive free storage for up to 1,000 grams, a release said. ...

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Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

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