The U.K. has gone one step ahead of America in the race to lead the digital assets space. The U.K. recently announced plans to dive into the digital assets space with non-fungible tokens (NFTs). The U.K. Finance Minister, Rishi Sunak has authorized the Royal Mint—the government-owned company responsible for minting coins for the U.K.—to create and issue an NFT for the country by this summer.
The U.K. is also setting up a regulatory framework for cryptocurrency ahead of its plan to introduce a stablecoin. Something the U.S. needs, according to Kevin O’Leary, serial entrepreneur and one of the hosts of Shark Tank.