Treasury asks Royal Mint to create NFT
Chancellor Rishi Sunak has instructed the Royal Mint to create a non-fungible token (NFT) later this year as an “emblem” of the UK’s goal to become a “global cryptoasset technology hub”.
John Glen, economic secretary for the Treasury, confirmed the department’s upcoming NFT venture as part of a wider cryptocurrency push, with the government unveiling plans to legislate stablecoins – a cryptocurrency that is pegged to a fiat currency.
The move could see stablecoins brought “within the payments regulatory perimeter” and used as an alternative means of payment, the government said. It comes amid growing regulatory scrutiny of the cryptocurrency space in the UK.
“I’m announcing today the chancellor has asked the Royal Mint to create a non-fungible token,” Glen said at the Innovate Finance Global Summit in London
Source
https://t.me/top_crypto_nft
