Video: Inside the Offshore Vault Where Gold Trades for Bitcoin
CoinDesk's Kadhim Shubber visits the offshore vault where Bullion Bitcoin trades digital gold for the real thing.
On the tiny and semi-independent island of Guernsey there is a new type of bitcoin exchange, one that trades 'digital gold’ for the real thing.
Around 60,000 people live there, around 70 miles off the south coast of England. Although closely linked to the United Kingdom, its direct relationship with the Crown, instead of the government, means that it is virtually autonomous, particularly with regards to financial issues and tax.
Bullion Bitcoin’s regulated vault operator in Guernsey, Bullion Rock, gave CoinDesk exclusive access to their gold and silver vault.
Reporting and editing by Kadhim Shubber, footage by James Mossahebi.
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