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Fintech Trovio announces it will cut ties with Australia's scandal-plagued The Perth Mint

( March 1, 2023, 05:00 GMT | Official Statement) -- MLex Summary: Singapore-based fintech Trovio has announced that it will no longer issue its Perth Mint Gold Token, a gold-investment platform, and will reimburse investors that hold the tokens associated with the scandal-plagued The Perth Mint. In a press release today, Trovio didn’t say why it was winding down the platform; however, money-laundering concerns have been mounting about practices at the state-owned The Perth Mint and its parent company, Gold Corporation. In August 2022, Australia’s financial-crime agency announced it had launched a financial-crime audit over allegations the mint had illegally acquire gold from conflict areas of Papua New Guinea.The full media release from Trovio follows: ...

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