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    Home » UK Could Issue Its Non-Fungible Token as Soon as Summer – Treasury
    Crypto News

    UK Could Issue Its Non-Fungible Token as Soon as Summer – Treasury

    April 4, 20221 Min Read
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    Concept digital key with text NFT, non fungible token. Cryptographic unique token. Crypto technology
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    Rishi Sunak, UK’s Chancellor of the Exchequer, has asked the state-owned Royal Mint to mint an NFT that will be issued by the summer.

    • Sunak said that the UK wants to “lead the way” in crypto and become a “world leader” in the digital assets space.
    • The Chancellor said that details about the NFT would come out soon, saying that the state was widening its gaze into other aspects of crypto, including Web3.
    • He says blockchain technology will be an integral area of development, pointing out it will present some of the greatest economic opportunities.
    • Sunak also revealed a regulatory plan by the UK on crypto, saying that people should not think of it as a rigid thing. He pointed to an evolving regulatory move in the digital assets.

    The move happens even as the UK takes a hard stance on crypto, with the country’s Financial Conduct Authority shunning several farms seeking to be registered with the regulators.

    ETHUSD is down -2.06%

    Source: Twitter

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