$2.8B Fake Bullion Scam Highlights BTC Benefits By Cointelegraph

$2.8B Fake Bullion Scam Highlights BTC Benefits By Cointelegraph

Gold vs. Bitcoin: $2.8B Fake Bullion Scam Highlights BTC Benefits

The (BTC) versus gold debate rages on this week as reports reveal fake bars fuelled a $2.8 billion corruption scheme.

As Chinese media outlet Caixin reported on June 29 via , a loans deal between Chinese financial institutions and Wuhan Kingold Jewelry — with gold as collateral — fell apart when it became known the gold was gilded .

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