Yesterday a press release announced the birth of Temtum (TEM) crypto, a new generation cryptocurrency, the first created by the Royal Mint. However, the UK government-owned mint has denied any connection to this phantom crypto.
The Royal Mint is owned by the UK government and, according to the press release, was responsible for the safekeeping of Temtum tokens before their launch on the global market. But nothing could be further from the truth.
This is the Royal Mint’s reply to the email sent by Cryptonomist:
“Thanks for getting in touch. The Royal Mint is not developing cryptocurrency in isolation or with any other organisations. We have had no involvement whatsoever in this press release.”
Richard Dennis, the founder and CEO of Temtum, has never worked within the Royal Mint for the creation of the first cryptographic private keys of the cryptocurrency and the Royal Mint will not be safeguarding the private keys.
What is required now is an answer from Temtum to better understand what happened to the project and the reason for the denial by Royal Mint.