Rishi Sunak has asked the Royal Mint to create a so-called ‘non-fungible token’ (NFT) as he seeks to make Britain a global hub for digital technology. The Chancellor wants the token to be issued by the summer in a bid to show ‘the forward-looking approach we are determined to take towards crypto assets’. NFTs give investors a share of ownership of a digital asset such as a piece of art or music. Crypto bid: The Chancellor wants the Royal Mint to issue an NFT by the summer as he seeks to make Britain a global hub for digital technologyBut the tokens have become targets for hackers and con artists. Crypto has garnered a bad reputation in recent years, as bitcoin – the best-known crypto asset – has been used by criminals to avoid the eyes of the law.

Source: Daily Mail April 05, 2022 05:04 UTC