U.K. Finance Minister Rishi Sunak has asked the Royal Mint to create and issue the NFT “by the summer.” City Minister John Glen announced a number of steps the U.K. will take to bring digital assets under more regulatory scrutiny. Glen says the government wants Britain to “lead the way” in crypto.
The announcements are filled with crypto jargon word salad, which is not a huge surprise. In truth, I’m happy that the U.K. is paying attention to Web3 and DeFi. It’s a great start. But the more I read about it, the more it becomes obvious that step one should be an agreed upon glossary of terms and step two should be some required reading.
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