The UK Treasury has quietly dropped its plans to issue a government-backed nonfungible token — 'NFT for Britain.'
by the chair of the Treasury Select Committee whether there was still a plan for the Royal Mint to issue a nonfungible token on March 27, Economic Secretary of the Treasury Andrew Griffith noted that:
“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.” Harriet Baldwin, the chair of the Treasury Select Committee who posed the question in Parliament, was later"We have not yet seen a lot of evidence that our constituents should be putting their money in these speculative tokens unless they are prepared to lose all their money.”
"So perhaps that is why the Royal Mint has made this decision in conjunction with the Treasury," she added.The NFT for Britain concept ultimately appears to be quite vague, as the Royal Mint and Treasury haven’t elaborated on what the NFTs would do and how they would be used.“soon,” while opponents of the plan, such as Labor MP and Shadow Chancellor Rachel Reeves also questioned Sunak’s priorities, calling it “hopeless.
“The country is facing a severe cost of living crisis made worse by this chancellor’s choices. This is his priority right now. Hopeless,” she said.This is his priority right now.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
UK Treasury Cancels Plans for Government-Backed NFTInitially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review.
Les mer »
S&P 500 Futures grind higher past 4,000, Treasury yields stay pressured on mixed bank, geopolitical newsS&P 500 Futures grind higher past 4,000, Treasury yields stay pressured on mixed bank, geopolitical news – by anilpanchal7 SP500 Futures YieldCurve Banks RiskAversion
Les mer »
Treasury yields rise as investors weigh banking sector developmentsU.S. Treasury yields climbed on Monday as investors assessed the latest changes in the banking sector and concerns about its future eased slightly.
Les mer »
Salesforce Park's notorious NFT-backed Sho Restaurant goes silentAfter a grandiose 'groundbreaking' event, SF's Sho Restaurant remains an empty husk of a building, hindered by construction delays and unfulfilled crypto dreams.
Les mer »
Gold prices retreat as Treasury yields climb, bank stress easesGold and silver futures retreat on Monday as banking-system fears abated and yields on U.S. Treasury bonds climbed, robbing precious metals of some of the...
Les mer »