No national Bitcoin reserve planned in Great Britain

The British government has clearly decided not to build up a national Bitcoin reserves, and thus differs from the recent movement of the United States to state-kept digital assets. Emma Reynolds, the Economic State Secretary of the British Ministry of Finance, announced this decision at the Financial Times Digital Asset Summit in London. She emphasized unequivocally: “We do not consider this to be suitable for our market”, in response to the question of whether the United Kingdom will follow the United States by taking Bitcoin into the national balance.

This decision follows the intensive efforts of the United States to integrate Bitcoin into its economic strategy, including executive orders for the establishment of a strategic Bitcoin reserves from confiscated assets. While the USA regarding Bitcoin as a potential long -term protection and financial instrument, Reynolds emphasized that such a step is not compatible with the priorities or the financial landscape of the UK.

Future strategy for the British financial system

The British Ministry of Finance is currently prioritizing regulatory clarity and financial stability on speculative investments in volatile assets. Reynolds' point of view fits a more comprehensive plan to preserve the integrity of the British financial system, which provides stability, investor protection and responsible politics through a quick acquisition of cryptocurrencies.

Nevertheless, she indicated that blockchain innovations are still welcome in the United Kingdom. For example, the British Ministry of Finance is currently in the active Investigation the use of the distributed Ledger technology (DLT) as part of the state finances, especially when emitting government bonds. A pilot project for the blockchain-based edition of bonds is currently in the procurement phase, and a provider is to be selected by late summer, which could possibly grant the United Kingdom a leading position in digital government bonds in Europe.

Reynolds emphasizes that the United Kingdom prefers tailor -made regulations that are tailored to its unique financial ecosystem, in contrast to the far -reaching takeover of international standards, as in the EU Mica regulationn are specified. After Brexit, the United Kingdom can independently navigate in the rapidly changing digital asset market thanks to its regulatory independence.

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