The UK will issue an official NFT (sigh)
sometime this summer. More details aren't yet available but Economic Secretary John Glen billed the token as a symbol of the"forward-looking approach" the country was taking toward crypto technologies.
The NFT will come as part of a broader effort to support financial technology, and crypto in particular. The UK government aims to create a"dynamic regulatory landscape" that welcomes the technology, according to Glen. It now plans legislation that will welcome into the country's payment infrastructure, will mull the legal status of Decentralized Autonomous Organizations and hopes to remove"disincentives" to investment funds that include crypto.The Financial Conduct Authority has already been experimenting through a regulatory sandbox, and plans its first in a series of policy"crypto-sprints" this May.
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