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.
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