Cointime

Cointime

Download App
iOS & Android
Home / Tech

Mintable CEO Zach Burks: UK risks regulating NFTs the wrong way

Mintable CEO Zach Burks said that the UK government may regulate NFT in a way that does not comply with the essence of emerging technology. On October 11th this year, the UK Culture, Media and Sports Committee released a report urging the government to take action to protect artists and content creators from copyright infringement caused by NFT. However, Burks said that infringement is an inherent problem of the Internet, not NFT, and NFT is moving away from speculation, while the committee (report) greatly exaggerated the role of NFT in copyright infringement.

UK NFT
Comments

All Comments

Recommended for you

  • Japan and the United States launched the seventh round of ministerial tariff negotiations, Akazawa and Lutnik held talks

     June 28th, according to Jinshi data and the report from Kyodo News, Japanese Minister of Economic Revitalization Akazawa Ryo is meeting with US Commerce Secretary Lutnick in Washington on the 27th local time. The seventh round of ministerial-level negotiations between Japan and the United States has begun around the high tariff policy of the Trump administration. The Japanese government stated: "There have been fruitful discussions. We will continue to coordinate fully between Japan and the United States to reach an agreement that is beneficial to both sides." Akazawa Ryo did not immediately accept media interviews after the negotiations. The meeting between the two lasted about 1 hour. Considering that the deadline for the suspension of the additional tariffs is until July 9th, and Japan will hold the House of Councillors election on the 20th, Akazawa Ryo requested a significant reduction in the tariff rate for automobiles, which the Japanese government considers as "national interest."

  • Coinbase German executives use high-end services to attract conservative investors to the crypto market

    according to DL News, Coinbase's Germany area manager Denny Morawiak is using a "white glove" service strategy to attract high-net-worth individuals in Germany to invest in cryptocurrencies.As the largest economy in Europe, German investors are known for risk aversion, with only 8% of the population holding crypto assets, far lower than the 25% in the UK. Morawiak aims to change the traditional investment habits of Germans, who rely on savings and pensions, by targeting wealthy entrepreneurs through sponsorships of Borussia Dortmund football club, organizing elite events, and more.He stated: "We are a wealthy country, but relatively speaking, the people are not wealthy, which is a shame."

  • Binance: Users holding at least 248 Alpha Points can claim the first phase of DMC token airdrops

    according to official sources, Binance will list DeLorean (DMC), with Alpha trading opening on June 24, 2025 at 19:00, and contract trading opening on June 24, 2025 at 21:00. Eligible Binance users can use Binance Alpha points to claim 4800 DMC tokens within 24 hours after trading begins on the Alpha activity page.Binance Alpha airdrop will be distributed in two phases: Phase one (first 18 hours): Users holding at least 248 Alpha points can claim. Phase two (last 6 hours): Users holding at least 210 Alpha points can participate in the second phase of the airdrop, first come first served, until the airdrop pool is exhausted or the activity ends.

  • Negentropy Capital announces dissolution, remaining funds and project quotas to be liquidated

    Negentropy Capital founder Billywen.sol announced on social media platform, "After thinking about it, I have decided to dissolve the negentropy capital that I and two other partners have created, liquidate the remaining funds and investment project quotas of the negentropy fund, partners take what they should, and I will start over as a solo VC independent investor like Ma Gang."Recently, there has been a liquidity crisis in the currency circle, and at a time when there seems to be no hope, I feel a force that compels me to do something. It is not just about making money, but a sense of mission. It is time for the currency circle to change, to truly change traditional banks, payments, stocks and securities, and even legal tender!"

  • Nauru plans to legislate to establish a virtual asset management agency and position itself as a cryptocurrency hub in the Pacific

    according to FinanceFeeds, the Republic of Nauru plans to legislate the establishment of a specialized agency to regulate digital assets, the new agency is called Command Ridge Virtual Asset Authority (CRVAA), which will be responsible for regulating virtual asset service providers and helping the island nation become a center for digital asset activities.Nauru President David Adeang stated that the newly established regulatory agency will be at the core of Nauru's broader strategy aimed at ensuring the economic resilience of Nauru.

  • Alchemy Pay plans to launch Alchemy Chain in Q4 and issue stablecoins

    according to official announcement, Alchemy Pay plans to officially launch Alchemy Chain in the fourth quarter of 2025, followed by issuing its own stablecoin, aiming to become a central exchange hub for global and local stablecoins, promoting compliant and efficient cross-border value flow.The platform will support frictionless conversion between global stablecoins (such as USDT, USDC) and local stablecoins (such as EURC, MBRL), aggregating liquidity across chains and jurisdictions.

  • Ford to serve as advisor to Cardano’s decentralized cloud service protocol Lagon

    according to Cointrust, Ford Motor Company announced that it will serve as an advisor to the decentralized cloud service Lagon based on the Cardano blockchain. This collaboration marks another move by the automotive giant into the blockchain field, as Ford will work with legal tech company CloudCourt to conduct a Proof of Concept (PoC) project, focusing on the digitization and security of legal data. The plan aims to address a long-standing issue for large enterprises: managing and protecting sensitive legal documents, such as court records, testimonies, and compliance reports. The project combines Cardano blockchain with AI technology to provide immutable audit trails for legal documents in a zero-trust architecture.
  • Coindesk ·

    Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.
    Careers in Crypto: 5 Insights for 2024

  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

  • Adidas and Doodles collaborate to launch a limited edition NFT collection pack

    Sportswear giant Adidas is collaborating with Ethereum NFT series Doodles to sell virtual gift packages that support buyers in purchasing exclusive physical clothing. Adidas and Doodles stated in a joint statement that these limited edition collectible packages will be available for purchase before August 16th, with two items in each package. The Adidas Originals x Doodles online store shows that the retail price for a single package is $4.99, while the price for 2 to 100 packages ranges from $8.49 to $374.99.Some joint sets include physical collectibles featuring Deysi, the digital mascot in Pharrell Williams and Coi Leray's new song "Not in the Store". These collectibles include Deysi sportswear and Superstar shoes, with each limited to 200 pieces.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company