Remember back in April last year, when the UK government decided it was going to show off the "forward-looking approach" that it was "determined to take toward cryptoassets in the UK" by directing the Royal Mint to create a state-backed "NFT For Britain"? You might not, it was several prime ministers ago. Regardless, those plans have now been ditched.
Well, kind of. Economic Secretary Andrew Griffith said yesterday that "the Royal Mint is not proceeding with the launch of a Non-Fungible Token" after consulting with His Majesty's Treasury, but noted that the proposal would be kept "under review". You know, just in case NFTs suddenly become a really good idea.
