๐จ BREAKING: UK Rejects Bitcoin Reserve โ But Thereโs a Twist! ๐ฌ๐ง๐ฅ
#Bitcoin | #CryptoNews | #UKCrypto | #BTC | #CryptoRegulation
Emma Reynolds, Economic Secretary to the Treasury, just announced at the FT Digital Asset Summit:
โ โThe UK will NOT follow the US ๐บ๐ธ in building a Bitcoin reserve.โ
While Trumpโs America gears up for a strategic $BTC stockpile, both ๐ฏ๐ต Japan and ๐ฌ๐ง UK say itโs a no-go for sovereign assets.
Why? Bitcoin isnโt seen as a fit for traditional treasury strategies.
But hereโs the twist:
โ UK is going pro-crypto in other ways:
โ๏ธ Forming a new digital asset regulatory alliance with the US
๐ Planning to use DLT for sovereign debt issuance by Summer 2025
๐ Rejecting EUโs MiCA โ UK wants custom crypto rules
Reynolds admits:
> โBitcoinโs decentralization makes it nearly impossible to fully regulate.โ
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๐ $BTC
Market Impact: Mildly Bearish
The UKโs rejection may cool global adoption sentiment for Bitcoin as a state asset.
But the pro-blockchain stance & US-UK cooperation may soften the blow.
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๐ฌ Your Thoughts?
Will more countries say yes to Bitcoin reserves, or will this trend stall?
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