UK Economy Minister Emma Reynolds has rejected the idea of establishing a national crypto reserve fund, stating that it is not suitable for the UK market, despite the US pursuing such an approach.
Instead, the UK is focusing on regulatory cooperation with the US, including the creation of a new working group and hosting a digital assets forum in June. She also acknowledged that certain areas within crypto remain beyond the government’s control.
The UK is also considering issuing government debt via blockchain technology and is prioritizing an outcome-based regulatory approach rather than adopting the EU’s MiCA framework. #USHouseMarketStructureDraft