Why the UK will launch its own NFT this summer

“Chancellor Rishi Sunak has asked the Royal Mint to produce an NFT which will be issued by the summer,” the UK Treasury said.

photo credit © Reuters

(Boursier.com) — The United Kingdom will release an official NFT by the summer!… With the aim of becoming the world’s cryptocurrency hub, the country is actually preparing for launch. an official non-fungible tokeni.e. a digital asset backed by Blockchain technology.

“The Chancellor Rishi Sunak has asked the Royal Mint” [l’organisme chargé de frapper la livre sterling, ndlr] To create an NFT that will be released by the summer. “This decision reflects the committed approach towards moving crypto-assets in the UK,” the UK Treasury said on Twitter.

It is “part of a package of measures to ensure that the UK financial services sector is on the cutting edge of technology, attracting investment and jobs, and increasing consumer choice,” he said in a statement.

regulating stablecoins

The UK has also unveiled plans to regulate stablecoins – cryptocurrencies whose value is pegged to a fiat currency, such as the dollar or euro, or even a metal – as a means of payment. to use in. ,

The British government is also considering revising tax rules related to cryptocurrencies, including easing the law, to facilitate access for British fund managers to digital assets.

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“A Global Crypto-Asset Hub”

The UK Minister said, “We are working to make the UK a global crypto-asset hub and the measures we outlined today will help ensure that businesses can invest, innovate and grow in this country. ” Finance.

“We here in the UK want to see the businesses of tomorrow and the jobs they create, and by regulating effectively we can give them the confidence to think and invest for the long term,” Rishi said. Sunak said.

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About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

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