PM Rishi Sunak

News and Trends

U.K. Treasury Calls Off Government-backed NFT Plan Announced In April 2022

Proposed by the current U.K. Prime Minister Rishi Sunak, who was the then chancellor, the NFTs were to be developed and released by the Royal Mint, the official maker of British coins. As per BBC, MP Harriett Baldwin cited the volatility and uncertainty clouding the crypto industry as a reason to delay or terminate the plan.