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šØš¬š§UK #REJECTS NATIONAL CRYPTO RESERVE PLAN, OPTS FOR #REGULATORY ALIGNMENT INSTEAD
š¹No National Crypto Reserve: UK Treasuryās Emma Reynolds confirms no plans to mimic the U.S. in launching a government-backed crypto reserve.
š¹Market Mismatch: UK deems the U.S. strategy unsuitable for its financial environment.
Joint Regulation Ahead:
š¹UK Chancellor met with U.S. Treasury Secretary Scott Bessent.
š¹A bilateral digital asset regulatory forum will convene in June.
$BTC $ETH $XRP
š¹No National Crypto Reserve: UK Treasuryās Emma Reynolds confirms no plans to mimic the U.S. in launching a government-backed crypto reserve.
š¹Market Mismatch: UK deems the U.S. strategy unsuitable for its financial environment.
Joint Regulation Ahead:
š¹UK Chancellor met with U.S. Treasury Secretary Scott Bessent.
š¹A bilateral digital asset regulatory forum will convene in June.
$BTC $ETH $XRP
šØš¬š§UK TO BAN CREDIT-FUELED CRYPTO BUYS IN CONSUMER PROTECTION CRACKDOWN
š¹Britain to restrict crypto purchases via credit cards under new draft rules
š¹Retail investors barred from crypto lending & borrowing with borrowed funds
š¹7 million UK adults own crypto, but FCA warns of ātotal lossā risks
š¹Stablecoins still permittedāif issued by FCA-regulated entities
š¹New rules include credit checks, investor knowledge tests, and staking transparency
š¹Move aims to curb misuse and limit risk exposure amid rising retail interest
- Reuters, May 2, 2025$BTC $ETH $XRP
š¹Britain to restrict crypto purchases via credit cards under new draft rules
š¹Retail investors barred from crypto lending & borrowing with borrowed funds
š¹7 million UK adults own crypto, but FCA warns of ātotal lossā risks
š¹Stablecoins still permittedāif issued by FCA-regulated entities
š¹New rules include credit checks, investor knowledge tests, and staking transparency
š¹Move aims to curb misuse and limit risk exposure amid rising retail interest
- Reuters, May 2, 2025$BTC $ETH $XRP
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