Schiff Launches Tokenized Gold Project, Igniting Controversy

Peter Schiff, a prominent economist and gold investor, has launched a new digital representation of physical gold, introducing tokenized gold to the market. The project allows users to buy gold directly through a mobile application, with assets safely stored in secure vaults. Ownership rights can be easily transferred, and investors can convert their tokens back into physical gold upon request. However, Changpeng Zhao, founder and former CEO of Binance, has voiced his critical opinion on the initiative.