The post UK Treasury Rejects National Crypto Reserve Proposal appeared on BitcoinEthereumNews.com.

Key Notes The UK has rejected the idea of a national crypto reserve and will not hold Bitcoin in state accounts. The government prioritizes US collaboration and plans sovereign debt issuance using blockchain. Britain is also avoiding the EU’s MiCA path, favoring traditional financial regulations for crypto. The United Kingdom has confirmed it will not create a national reserve of digital assets like Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B . The announcement came during a major financial event in London, where the UK’s position on crypto strategy was explained clearly. UK Rules Out Crypto Reserve Plans It is worth noting that the UK government has rejected the idea of stockpiling Bitcoin and building a digital asset reserve similar to what the United States has started doing. Coinspeaker noted earlier that the United States of America President Donald Trump signed an executive order to create the US Bitcoin reserve. However, speaking at the Financial Times Digital Assets Summit, Economic Secretary to the UK Treasury Emma Reynolds stated that while digital assets remain a topic of discussion, holding Bitcoin as state-owned reserves is not on the table. The United Kingdom focuses on how blockchain technology can improve current systems rather than holding crypto as part of its financial holdings. One area being explored is distributed ledger technology for issuing sovereign debt. This could improve efficiency and transparency in handling government bonds. It is important to add that this direction is distinct from the approach taken by the United States. The UK focuses more on practical tools and regulated innovation than on investing in volatile digital currencies. The government is taking a cautious but forward-looking stance. It is choosing to work on real applications of digital tools in finance, rather than treating crypto as…

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Filed under: News - @ May 6, 2025 6:26 pm