cryptonews: The U.K. has abandoned plans to launch its own non-fungible token. 🇬🇧
Last year, the government had revealed that the Royal Mint — which issues the country's coins — was set to release a crypto collectible by the summer of 2022.
"In consultation with HM Treasury, the Royal Mint is not proceeding with the launch of a non-fungible token at this time but will keep this proposal under review." The launch of an NFT was among a slew of crypto-friendly policies that included recognizing stablecoins as a valid payment method. Sunak became the prime minister late last year after months of political turmoil saw the U.K. burn through three leaders in the space of a year.
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