The United Kingdom announced that it would create a government-backed nonfungible token, or NFT.
The adoption of a U.K.-backed NFT was announced by Economic Secretary to the Treasury John Glen at a financial technology conference on Monday. The announcement appears to be a precursor to the U.K. establishing regulations for the crypto market."I am announcing today that [British Finance Minister Rishi Sunak] has asked the Royal Mint to create a non-fungible token — an NFT to be issued by the Summer," Glen announced, according to the Independent.
The U.K. is considered an outlier in Europe because it lacks any established crypto regulations. However, Sunak is expected to announce a new regulatory regime in the coming weeks, according to CNBC. The United States has begun taking action to start regulating cryptocurrency in more meaningful ways. Congress is currently considering legislation to establish a"stablecoin," a form of cryptocurrency that derives value from physical money. President Joe Biden also signed an executive order on March 9 asking federal agencies to determine the particular risks and benefits of cryptocurrency and NFTs.NFTs are digital copies of an image or media uniquely coded in the blockchain.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ripple Introduces New NFT Use Cases as Winners of 2022 XRPL Hackathon UnfoldsRipple unveils new NFT use cases as 2022 XRPL Hackathon winners emerge XRPLcommunity NFTCommunity XRParmy XRPLedger
Leer más »
BVTV: China’s NFT twist | Reuters VideoDigital collectibles are catching on, but Beijing’s ban on cryptocurrencies suppresses some of the hype. Robyn Mak explains why the country’s history of speculative bubbles in walnuts, egg futures and more mean the non-fungible token craze may burn out before it truly ignites.
Leer más »
ESPN Gets Into the NFT Business With Tom BradyThe network is partnering with Tom Brady's Autograph to sell NFTs based on the ESPN+ series 'Man in the Arena: Tom Brady,' which will also begin streaming on Hulu and Disney+.
Leer más »
NFT Taskforce Asks Japanese Government to Consider Appointing Web3 Minister – Metaverse Bitcoin NewsThe task force urges Japanese authorities to quickly develop the infrastructure and the regulatory framework to support the country’s NFT sector. web3 nfts
Leer más »
bitsCrunch NFT Platform Scores Partnership with Mastercard: DetailsNovel NFT expertise platform bitsCrunch becomes resident of Mastercard Start Path initiative
Leer más »
Final Lamborghini Aventador coupe to be auctioned alongside virtual NFT replica | EvoLamborghini has built its very last Aventador Ultimae coupe, and it’s set to go under the hammer later this month
Leer más »