Post
Topic
Board Tokens (Altcoins)
Re: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold
by
hulla
on 10/08/2020, 06:02:40 UTC
Thank you for your comment. Stacking is not currently being implemented. We cannot add a pair with USD due to different regulations. Selling gold for USDT will require KYC and AML.

As i remember correct owner of GOLD token is not a owner of real gold. It is only backed by physical gold.
No, Gold token teams/owner are the owner of every gold reserve on the bullionstar website using Account number: 17081

Also USDT/PAX and many more are not 100% regulated in most countries.
[quote
Thats not true because USDT/PAX are US crypto project and there's no way they will operate and exclude w1SEC rules and regulations.6



2. No. The GOLD token buyers are not owners of physical gold. Buyers own only GOLD tokens. Digital GOLD bought gold and store in in the BullionStar Vault. 1 token equals 1 physical gold gram.
So it should be easy to bypass KYC and AML requirements or I miss something?
Yes