Connect with us

Blockchain

Uphold lists physical-gold backed token issued by the Universal Protocol Alliance

Avatar

Published

on

Uphold, a digital investment platform, today announced global customers can buy gold-backed token UPXAU. Universal Gold (UPXAU) is a physical-gold backed token issued by the Universal Protocol Alliance and backed by the Government of Western Australia. UPXAU is free to hold, government-backed, and spendable on a debit card—with no minimum investment required.

By launching Universal Gold, Uphold and the Perth Mint have developed a more practical and affordable way of investing in gold for everyone. Lowering barriers to entry and eliminating holding costs completely, UPXAU allows people to buy as little as $1 worth of gold (with no maximum investment) with zero lifetime custody fees, as well as unprecedented utility.

UPXAU can be spent on an Uphold debit card just like cash and, in many countries, Uphold customers can convert cash in their bank account into Universal Gold – and vice versa – in seconds.

“The three killer features of spendability, zero holding costs, and government guarantee make this the perfect product at the perfect time – an enormously innovative form of gold for a world beset by COVID-19 and the trillions in currency debasement it will leave in its wake,” said JP Thieriot, CEO of Uphold. ‘We genuinely believe that Universal Gold is the best way of holding gold at one of the best times ever for gold investing.’

Minted with transparency, all UPXAU transactions are publicly verifiable on the Ethereum blockchain and audited by blockchain security firm CertiK. UPXAU is available to buy and sell through Uphold and Bittrex.

“This is the only physical gold offering in the world that is Government-guaranteed, carries no storage costs, and is physically redeemable,’ said Dan Schatt, Chairman of the UP Alliance. ‘When you combine this with all that the UP Alliance can provide – transparent value substantiation, digital portability, and debit card spendability – Universal Gold delivers the mainstream solution that gold investors have been waiting for.”

Universal Protocol is an alliance of leading blockchain companies – including Ledger, CertiK, Bittrex Global, and Uphold, with a mission to drive mainstream adoption of crypto assets.

Source: https://www.cryptoninjas.net/2020/07/30/uphold-adds-a-physical-gold-backed-token-issued-by-the-universal-protocol-alliance/

Blockchain

U.S. crypto exchanges have a plan for the travel rule. Now they just have to get along


Quick Take

  • A working group of 25 U.S.-based exchanges released a white paper this week outlining their platform to comply with FATF’s travel rule.
  • The group includes some of the most prominent exchanges stateside, suggesting that the plan has legs.
  • Now, the group has to develop a governance structure.
Avatar

Published

on




U.S. crypto exchanges have a plan for how to deal with FATF’s travel rule














Source: https://www.theblockcrypto.com/daily/82261/us-crypto-exchanges-fatf-travel-rule?utm_source=rss&utm_medium=rss

Continue Reading

Blockchain

Exploring the current state of cryptocurrency taxation in the European Union


Quick Take

  • By now, guidelines for  taxation of cryptocurrency activities exist in most EU member countries. However, grey areas remain.
  • Highly favorable tax treatments in some, and lack of taxation in other EU member countries enables regulatory arbitrage.
Avatar

Published

on




Exploring the current state of cryptocurrency taxation in the European Union














Source: https://www.theblockcrypto.com/genesis/82157/exploring-the-current-state-of-cryptocurrency-taxation-in-the-european-union?utm_source=rss&utm_medium=rss

Continue Reading

Blockchain

FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto

Proposed rule change would mandate financial institutions gather and share data on smaller international transactions by lowering the threshold from $3,000 to $250.

The post FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto appeared first on The Block.

Avatar

Published

on




FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto














Source: https://www.theblockcrypto.com/linked/82229/fincen-proposes-lower-threshold-for-transaction-data-gathering-under-fatfs-travel-rule-including-those-made-with-crypto?utm_source=rss&utm_medium=rss

Continue Reading
Blockchain News27 mins ago

Concerns Arise as North Korea’s Financial Services Commission Unsure of Its Cryptocurrency Mandate

Esports3 hours ago

G2 close in on NiKo deal

Denmark
Esports3 hours ago

Lyngby Vikings replace ENCE in Elisa Invitational; new groups and schedule revealed

Esports3 hours ago

Madden 2 ‘In Order to Access The Online Features:’ How to Fix the Bug

Esports3 hours ago

Apex Legends Switch Delayed Again

Esports3 hours ago

Pokémon GO Colorful Pokémon Are Revealed

CIS
Esports4 hours ago

Virtus.pro extend unbeaten streak with win over NAVI to reach IEM New York CIS grand final

Denmark
Esports5 hours ago

Heroic eliminate NiP; to face Astralis in DreamHack Open Fall consolidation final

Blockchain News8 hours ago

Kik Survives Legal Battle With the SEC, Kin Crypto to Continue Trading on Exchanges

Esports9 hours ago

How to Play With Friends Online in Dynamax Adventures in Pokémon Sword and Shield The Crown Tundra

Esports9 hours ago

How to Separate and Rejoin Calyrex from Glastrier or Spectrier in Pokémon Sword and Shield Crown Tundra

Energy9 hours ago

Grand Opening of the 25th China (Guzhen) International Lighting Fair

Esports10 hours ago

All increased spawns, encounters, and event raids for the Pokémon Go Halloween Event

Esports10 hours ago

All Timed Research tasks and rewards in Pokémon Go’s 2020 Halloween event

Esports10 hours ago

All ‘A Spooky Message Unmasked’ Special Research tasks and rewards in Pokémon Go

AR/VR12 hours ago

Unity announces plans to release experimental version of Unity OpenXR early next year

Energy13 hours ago

World’s Sole Owner of PERKLONE and TRIKLONE Now Supplying Saudi Arabia Oil & Petroleum Refineries; PERKLONE EXT; Catalyst grade, UOP Approved

Esports15 hours ago

Complexity Gaming Signs Jks From 100 Thieves

Blockchain News17 hours ago

People’s Bank of China Seeks to Prohibit the Creation of Digital Tokens

Energy18 hours ago

EV Charge Holding Limited sichert sich 15 Millionen Euro von GEM

Energy18 hours ago

Xinhua Silk Road: Chinas Solarindustrie soll angesichts der angestrebten Klimaneutralität schneller wachsen

Energy19 hours ago

Xinhua Silk Road: o setor solar da China deve concretizar um crescimento mais rápido em meio a um objetivo de neutralidade de carbono

Energy20 hours ago

Xinhua Silk Road: La industria solar de China adoptará un crecimiento más rápido en busca del objetivo de la neutralidad de carbono

Fintech21 hours ago

HSBC leans into APIs to expand Cash Flow Forecasting tool

Blockchain21 hours ago

U.S. crypto exchanges have a plan for the travel rule. Now they just have to get along

Esports21 hours ago

jks: “I’m at the point in my career where I really just want to win a lot of things; this is the reason why I came to Complexity”

Energy21 hours ago

Insights on the Fermented Ingredients Global Market to 2027 – Strategic Recommendations for New Entrants

Blockchain22 hours ago

Exploring the current state of cryptocurrency taxation in the European Union

Fintech22 hours ago

Canada Partners with Swiss, U.S. Fintechs; Neobank Raises Millions in Mexico

Energy22 hours ago

$6.9 Billion Worldwide Spandex Industry to 2027 – Impact of COVID-19 on the Market

Energy22 hours ago

Kimbell Royalty Partners Declares Third Quarter 2020 Distribution

Denmark
Esports22 hours ago

Vitality edge out Astralis to reach DreamHack Open Fall grand final

Energy22 hours ago

Turquoise Hill completes 10:1 share consolidation

Energy22 hours ago

Insights on the Rayon Fibers Global Market to 2027 – Featuring Grasim Industries, Kelheim Fibres and Lenzing Among Others

Aerospace22 hours ago

Boston startups expand region’s venture capital footprint

Esports22 hours ago

How to Make Excellent Throws in Pokémon GO

Esports22 hours ago

Professor Willow Spotted a Colorful Pokémon: Galarian Ponyta Teased in Pokémon GO

Esports22 hours ago

Adventure Together Pokémon GO: How to Make a Pokémon Your Buddy

Energy22 hours ago

Valvoline to Participate in Gabelli Annual Automotive Aftermarket Symposium on Nov. 3

Energy23 hours ago

$172 Million Worldwide Friction Stir Welding Equipment Industry to 2027 – Impact of COVID-19 on the Market

Trending