UK’s Government-Backed NFT Strategies Still On Training Course: Record – CoinJournal

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UK Prime Minister Rishi Sunak, while in workplace as the Chancellor of the Exchequer in April, asked the Royal Mint to produce a government-backed NFT.

The Royal Mint, the UK’s main coin manufacturer, has actually verified prepare for a government-backed non-fungible token (NFT) stay in position, according to a Financial News record released on Tuesday.

Per the magazine, authorities at the Royal Mint verified the NFT strategy got on training course regardless of difficulties such as the bearish market collision that struck cryptocurrencies as well as the leave of numerous noticeable numbers at the HM Treasury.

The Royal Mint’s declaration remained in feedback to a Freedom of Information Act demand, the FN record mentioned.

UK head of state is ‘crypto-friendy’

In April this year, after that Chancellor of the Exchequer Rishi Sunak asked the Royal Mint to work with a UK-backed NFT, with strategies to release the token by summertime. The statement belonged to a wider press to make the UK a ‘crypto center’, with a number of crypto-friendly authorities at the Treasury an