The UK Treasury has ruled out creating a national crypto reserve, distancing itself from the direction the U.S. appears to be heading.
Speaking at the Financial Times Digital Asset Summit in London on Tuesday, Economic Secretary to the Treasury Emma Reynolds MP stated,
“We don’t think that’s appropriate for our market. We understand that’s what the U.S. is going for, but that’s not the plan for us.”
This decision comes amid growing alignment between the UK and the U.S. on broader crypto regulation.
The Crypto Reserve Idea Not a Good Fit
Just last week, UK Chancellor Rachel Reeves met with U.S. Treasury Secretary Scott Bessent in Washington, D.C. to establish a senior-level working group focused on digital assets. Reynolds emphasized the importance of “collaboration and cooperation,” noting that the upcoming “regulatory forum” set for June aims to synchronize regulatory approaches between the two nations.
Addressing decentralized cryptocurrencies specifically, Reyno
We współpracy z: https://coingape.com/us-style-crypto-reserve-plan-off-the-table-uk-treasury/
