Lionsgold, the gold-focused exploration company with assets in India and Finland, and a financial technology (“fintech”) subsidiary that provides online accounts for holding physical gold, is pleased to announce that its majority owned fintech subsidiary, TRAC Technology Ltd (“TRAC”), has received approval as an EMD Agent from the Financial Conduct Authority (“FCA”) to act as a payment or e-money institution under an electronic money (“E-Money”) licence (FCA reference number 902012).
Cameron Parry, Lionsgold CEO, commented:
“We are delighted to report that Lionsgold’s fintech subsidiary, trading as “The Real Asset Co”, has received FCA approval to provide certain regulated products and services under an E-Money licence.
“As announced to the market on 18 October 2017, Lionsgold has been developing TRAC’s physical gold account product offering into “Goldbloc” – a global digital currency that represents direct ownership of physical gold (www.goldbloc.com). This approval is an important step to complete in the lead up to the initial product release.”
For further information, please visit www.lionsgold.com
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