US EditionUS-Style Crypto Reserve Plan Off The Table: UK Treasury
- During an event on digital assets held in London in May 2025, the UK Treasury's Economic Secretary Emma Reynolds confirmed that the country has no plans to establish a national cryptocurrency reserve.
- This decision follows discussions with the U.S., where a senior official working group was formed to explore cooperation on digital assets but without adopting the U.S. Approach of stockpiling Bitcoin.
- Reynolds emphasized the UK’s preference to regulate digital assets within existing financial frameworks and focus on blockchain technology for sovereign debt issuance rather than replicating the EU’s MiCA rules or holding crypto reserves.
- Emma Reynolds MP emphasized that the UK does not intend to replicate the U.S. Approach of accumulating Bitcoin, describing such a strategy as unsuitable for the British market, while highlighting the importance of ongoing collaboration between the two countries.
- The UK aims to advance digital asset regulation and blockchain use while acknowledging regulatory limits over decentralized crypto like Bitcoin, with plans to appoint a supplier for blockchain-based gilt issuance by late summer 2025.
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