U.K. to Make Stablecoins a Recognized Payment Method, Relax Crypto Rules, and Release NFT | CoinMarketCap

The U.K. is going to embrace stablecoins as a payment method — and release its own NFT 🇬🇧 It hasn't gone down too well with voters... 👇

On Monday, the U.K. said that it believes stablecoins "could provide a more efficient means of payment and wider consumer choice," but the announcement didn't go down well with voters.The U.K. has announced that it plans to relax crypto regulations — and allow stablecoins to become a recognized payment method.

One of the more attention-grabbing parts of his announcement is this: The Royal Mint, the organization responsible for issuing new coins in the U.K., is going to release its own non-fungible token this summer. Determined to give the U.K. a competitive edge after Brexit, Sunak said he wants to give businesses confidence to make long-term investments, adding:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinMarketCap /  🏆 290. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. to Make Stablecoins a Recognized Payment Method, Relax Crypto Rules, and Release NFT | CoinMarketCapOn Monday, the U.K. said that it believes stablecoins 'could provide a more efficient means of payment and wider consumer choice,' but the announcement didn't go down well with voters.
Read more »

UK's Finance Minister Rishi Sunak Asks Royal Mint to Create an NFTUK's Finance Minister - Rishi Sunak - has asked the Royal Mint to create a non-fungible token.
Read more »

Million Dollar Pixels: Diving into NFT Decentralization, Copyright, and Minting | HackerNoonHow do NFTs work? How decentralized are NFTs? In this article we explore the decentralization of NFTs with a demo using IPFS, Alchemy, and Filebase.
Read more »

Celo’s Entire NFT Ecosystem is Now Open to Developers | HackerNoonWe at Tatum have been big fans of Celo for a while now. What’s not to love? Blazing fast transaction times, minimal gas fees, full EVM compatibility...
Read more »

Binance NFT Launches Mike Tyson Mystery Box Collection | Binance SupportFellow Binancians, Mike Tyson, a legendary unified male heavyweight champion boxer, will be launching an exclusive Mystery Box collection on the Binance NFT Marketplace from 2022-04-05 11:00 (...
Read more »