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.

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. Type: recommendation | Number: 4 | Paragraph: 37 | Response status: accepted Government response: HM Treasury strongly agrees with the need for a balanced and technology-neutral approach towards supporting new innovation, including cryptoasset technologies. We believe that this recommendation is consistent with the current UK Government’s approach, which is principally focused on regulating cryp