UK Government Suspends Plans to Launch State-Owned NFT
In a statement about reasons for the halt of NFT plans, Chair of the Treasury Select Committee Harriet Baldwin cited the uncertainty across the cryptocurrency sector.
The market will be underpinned by up to $1bn in gold bars, or around two tonnes at current prices.
In a statement about reasons for the halt of NFT plans, Chair of the Treasury Select Committee Harriet Baldwin cited the uncertainty across the cryptocurrency sector.
Royan Mint is expected to create and issue the NFT “by the summer”.
A plan to create a crypto asset representing physical gold holdings proposed by Royal Mint was blocked by the UK government.
The UK’s Royal Mint is launching its own gold-backed cryptocurrency. One coin named RMG is equal to one gram of gold.
The market will be underpinned by up to $1bn in gold bars, or around two tonnes at current prices.