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10.04 - 23:07
UK government abandons Sunak's NFT plan
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However, economic secretary Andrew Griffith now says: “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.”Labour's shadow City minister Tulip Siddiq responds. “I’m glad that the Royal Mint has finally made the Conservatives see sense, but we’ve been calling on the chancellor to drop this crypto gimmick for months.” The Treasury's initial announcement came as NFTs exploded in popularity, with many reaching multi-million dollar valuations.
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