UK Government Plans to Create an NFT

UK Government Plans to Create an NFT
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UK Government Plans to Create an NFT

The U.K. government said it plans to issue an NFT to signal its commitment to a “forward-looking approach” on cryptocurrency technology and investment.

  • Chancellor of the Exchequer Rishi Sunak asked the Royal Mint, the producer of British coins, to make a non-fungible token in coming months, John Glen, minister and economic secretary to the Treasury said at the Innovate Finance Küresel Summit on Monday.
  • This will be an “emblem of the forward looking approach we are determined to take,” Glen said.
  • The announcement also included the government’s vision for stablecoins and distributed ledger technologies as part of its strategy for the U.K. financial services industry.

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