UK rules out Bitcoin reserves and prioritizes cryptocurrency regulation

• UK officially rules out Bitcoin reserve
• UK focus on cryptocurrency regulation
• Country rejects rigid EU regulatory model

During the Financial Times Digital Asset Summit in London, UK Economic Secretary to the Treasury Emma Reynolds confirmed that the country has no interest in adopting a Bitcoin reserve, as has been seen in the United States under Donald Trump. According to Reynolds, this approach does not fit the British model. “We understand that this is what the US is looking for, but that is not the plan for us,” she said.

While the US is ramping up its accumulation of Bitcoin as a strategic asset, the UK is focusing on regulation and strengthening the legal framework for the sector. According to the secretary, the UK government is looking for solutions that are compatible with its financial structure and sees greater value in regulatory integration than in the allocation of digital assets. “We don’t think that’s appropriate for our market,” said Emma.

Despite not following the American Bitcoin reserve model, the UK intends to continue cooperating with the US in developing regulatory policies. A joint working group has been set up, with meetings scheduled for June, with the aim of aligning regulatory strategies for cryptocurrencies.

Emma also highlighted that the UK Treasury is studying the issuance of sovereign bonds based on distributed ledger technology. A technology procurement process is underway, and a supplier is expected to be selected by the end of the European summer. This shows that the country is not ignoring blockchain-based solutions, but is limiting their use to areas with practical and secure applications.