{"id":846128,"date":"2025-05-06T09:11:57","date_gmt":"2025-05-06T14:11:57","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/06\/uk-says-no-to-bitcoin-reserves-wont-follow-u-s-eu-footsteps\/"},"modified":"2025-05-06T09:11:57","modified_gmt":"2025-05-06T14:11:57","slug":"uk-says-no-to-bitcoin-reserves-wont-follow-u-s-eu-footsteps","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/06\/uk-says-no-to-bitcoin-reserves-wont-follow-u-s-eu-footsteps\/","title":{"rendered":"UK Says No to Bitcoin Reserves, Won\u2019t Follow U.S & EU Footsteps"},"content":{"rendered":"
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\"Crypto<\/figure>\n<\/div>\n
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At a time when countries around the world are shifting towards digital asset strategies, the UK has made it clear, it\u2019s not following the crowd. During the Financial Times Digital Asset Summit in London, Emma Reynolds from the UK Treasury confirmed that the country<\/a> will not copy the U.S. or the EU when it comes to creating a bitcoin reserve.<\/p>\n

Let\u2019s dive in detail!<\/p>\n

No Plans to Hold Bitcoin as a Reserve<\/h2>\n

While the U.S. is thinking about holding Bitcoin as part of its reserves<\/a>, with a neutral budget strategy, the UK has no plans to do the same.\u00a0<\/p>\n

UK Treasury, Reynolds said, \u201cWe don\u2019t think that\u2019s right for our market.\u201d Instead of focusing on Bitcoin as a reserve, the UK is exploring new ways to use blockchain. One idea is to issue government debt using blockchain technology<\/a>.\u00a0<\/p>\n

A process is already underway to find a supplier for this, with results expected by late summer.<\/p>\n

Despite rejecting the U.S. model of holding Bitcoin, the UK still values cooperation with American regulators. Reynolds mentioned a new joint working group between UK and U.S. officials focused on crypto oversight. She said both sides agree that global collaboration is key in this fast-moving space.<\/p>\n

No Copying the EU\u2019s Crypto Rules<\/h2>\n

Reynolds also made it clear that the UK doesn\u2019t want to copy the EU\u2019s special crypto rules<\/a>, known as MiCA. Reynolds said the UK has its way of making laws, which is more focused on outcomes rather than strict rules.\u00a0<\/p>\n

She explained that the UK plans to treat crypto companies like regular financial firms if they take on the same risks. This means, \u201cSame risk, same rules.<\/p>\n

Some Crypto Things Are Hard to Control<\/h3>\n

Reynolds also admitted that some parts of crypto, like Bitcoin, are very hard for governments to control because they are fully decentralized. \u201cThere\u2019s only so much we can do,\u201d she said.<\/p>\n

In short, the UK is choosing a balanced and practical way to manage crypto, fitting it into old rules, not creating brand-new ones.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

FAQs<\/h2>\n
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How is the UK regulating crypto firms?<\/strong><\/strong><\/p>\n

The UK will regulate crypto firms like traditional finance firms under \u201csame risk, same rules\u201d principles.<\/p>\n<\/div>\n

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Can the UK government control decentralized cryptocurrencies like Bitcoin?<\/strong><\/strong><\/p>\n

Not fully\u2014officials admit decentralized assets like Bitcoin are difficult for any government to control.<\/p>\n<\/div>\n

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How is the UK collaborating with the US on crypto oversight?<\/strong><\/strong><\/p>\n

The UK and US have established a joint working group to enhance cooperation on cryptocurrency regulation and oversight.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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We’d Love to Hear Your Thoughts on This Article!<\/h2>\n
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Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n

Read More<\/a>
\n Mustafa Mulla<\/p>\n","protected":false},"excerpt":{"rendered":"

At a time when countries around the world are shifting towards digital asset strategies, the UK has made it clear, it\u2019s not following the crowd. During the Financial Times Digital Asset Summit in London, Emma Reynolds from the UK Treasury confirmed that the country will not copy the U.S. or the EU when it comes<\/p>\n","protected":false},"author":1,"featured_media":846129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,37138],"tags":[],"class_list":["post-846128","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-reserves"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/846128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=846128"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/846128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/846129"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=846128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=846128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=846128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}