{"id":19198,"date":"2023-03-28T04:21:02","date_gmt":"2023-03-28T04:21:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/royal-mint-halts-nft-plans-amid-crypto-uncertainty\/"},"modified":"2023-03-28T04:21:02","modified_gmt":"2023-03-28T04:21:02","slug":"royal-mint-halts-nft-plans-amid-crypto-uncertainty","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/royal-mint-halts-nft-plans-amid-crypto-uncertainty\/","title":{"rendered":"Royal Mint Halts NFT Plans Amid Crypto Uncertainty"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The Royal Mint\u2019s plan to launch an NFT, initially proposed by then UK Chancellor Rishi Sunak in <a href=\"https:\/\/igaming.org\/crypto\/united-kingdom-to-become-global-leading-crypto-hotspot\/\">April 2022<\/a>, has been halted for now but remains under review. The project, which aimed to release the token by summer 2022, encountered delays. Previously, the Royal Mint expressed interest in using blockchain technology for tracking its gold supply in 2017.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 100% + 100 Free Spins!<\/strong> <\/p>\n<p>New players only. Welcome Bonus &#8211; 100% bonus on your first deposit up to 5 BTC <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Economic Secretary Andrew Griffith announced on Monday that the project is not proceeding \u201cat this time.\u201d Treasury Select Committee Chair Harriet Baldwin mentioned that the government\u2019s chief financial minister would be questioned if the NFT issuance is still a policy objective for his department. BBC reports suggest economic uncertainty in the cryptocurrency sector contributed to postponing the collection.<\/p>\n<p>Baldwin warned constituents against investing in speculative tokens unless they are prepared to lose all their money, possibly influencing the Royal Mint and Treasury\u2019s decision.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 100% + 100 Free Spins!<\/strong> <\/p>\n<p>New players only. Welcome Bonus &#8211; 100% bonus on your first deposit up to 5 BTC <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/royal-mint-halts-nft-plans-amid-crypto-uncertainty\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The Royal Mint\u2019s plan to launch an NFT, initially proposed by then UK Chancellor Rishi Sunak in April 2022, has been halted for now but remains under review. The project, which aimed to release the token by summer 2022, encountered delays. Previously, the Royal Mint expressed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19198"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19198"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19199"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}