UK Treasury Secretary Says No To National Bitcoin Reserve
Bitcoin Magazine UK Treasury Secretary Says No To National Bitcoin Reserve The UK government has rejected the idea of establishing a national Bitcoin reserve, with Economic Secretary to the Treasury Emma Reynolds stating that following the U.S. approach to stockpiling Bitcoin is "not appropriate for our market." This post UK Treasury Secretary Says No To National Bitcoin Reserve first appeared on Bitcoin Magazine and is written by Vivek Sen.
Bitcoin Magazine
UK Treasury Secretary Says No To National Bitcoin Reserve
Speaking at the Financial Times Digital Asset Summit in London on Tuesday, Emma Reynolds, Economic Secretary to the Treasury, emphasized that while the UK aims to become a crypto hub, it will take a different approach from both the U.S. and EU in regulating Bitcoin and crypto.
“We don’t think that’s appropriate for our market,” Reynolds said regarding a national Bitcoin reserve. “We understand that’s what the U.S. is going for, but that’s not the plan for us.”
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