Source · Select Committees · Treasury Committee
Recommendation 4
4
Paragraph: 37
Adopt balanced approach to cryptoasset development, avoiding public funding without clear use case.
Recommendation
We recommend that the Government takes a balanced approach to supporting the development of cryptoasset technologies. It should seek to avoid expending public resources on supporting cryptoasset activities without a clear, beneficial use case, as appears to have been the case with the Royal Mint NFT. It is not the Government’s role to promote particular technological innovations for their own sake.
Paragraph Reference:
37
Government Response
A response document is linked to this report, dated 20 July 2023. Response attribution to this recommendation has not been verified. Read the response document ↗