.hmtreasury has canceled plans for a RoyalMintUK NFT aimed at making the U.K. a crypto hub. camgthompson reports
, the U.K.’s economic secretary Andrew Griffith said that the plans were not moving forward “at this time” but that the proposal would remain under review. Chair of the Treasury Select Committee Harriet Baldwin said that the government’s chief financial minister would be asked if issuing an NFT “remains the policy of his department.”, Baldwin cited economic uncertainty across the cryptocurrency sector as a factor in sunsetting the collection.
"We have not yet seen a lot of evidence that our constituents should be putting their money in these speculative tokens unless they are prepared to lose all their money,” said Chair of the Treasury Select Committee Harriet Baldwin. “So perhaps that is why the Royal Mint has made this decision in conjunction with the Treasury.”
Other global leaders have recently signaled a willingness to embrace NFTs and other Web3 technologies. In October, Japan
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