UK Government Drops Plans to Launch NFTs With Royal Mint


Responding to Baldwin’s question on Monday, Andrew Griffith, Economic Secretary to the Treasury, said: In consultation with HM Treasury, the Royal Mint is not proceeding with the launch of the non-fungible token. But will keep the proposal subject to review. Prime Minister Rishi Sunak asked Royal Mint to create NFTs for the UK in April last year while Chancellor of the Exchequer. He was intending to make the UK a global hub for crypto asset technology and investment.

“I am glad the Royal Mint has finally shown sense to the conservatives, but we have been asking the Chancellor for months to drop this crypto gimmick,” she stressed, elaborating: This out-of-touch government should focus on the cost of living crisis, not waste taxpayers’ time and money on NFT vanity projects and promote dodgy stablecoins.

Do you think the UK government should go ahead with NFTs? Let us know in the comment section below.

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