Online Gold Trading Comes Under Central Bank Scrutiny

The smart system for trading and warehousing precious metals has been connected to the Central Bank's supervisory system to meet the necessary technical and regulatory requirements.

The intelligent trading and storage system of precious metals was connected to the supervisory system of the central bank to complete the necessary technical and regulatory requirements.

According to Ambassador Arjan, the intelligent trading and warehousing system of precious metals was connected to the central bank's supervisory system to complete the necessary technical and regulatory requirements.

According to the announcement of the intelligent system of transactions and storage of precious metals, this system has been launched to record and monitor online gold transactions and check the suitability of the platforms' obligations with the physical inventory of gold in the treasury.

With this connection, transactions on the gold line are registered and monitored within the framework of the central bank's regulatory mechanism, and the monitoring system compares the amount of gold registered in users' accounts with the actual balance of the treasury, and if the platform's obligations exceed its balance, the transaction will not be registered.

Based on this, for the user, this means that every gram of gold that is carried out in the intelligent system of transactions and storage of precious metals has a real and verifiable support.

The intelligent trading and storage system for precious metals was launched in August 1403 by the Ministry of Security in the form of a sandbox to monitor online gold sales.

Based on the executive directive approved by the Council of Ministers and in the framework of the new regulation of the online gold market, this system has now been connected to the central bank's supervisory system.

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