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:
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