🇬🇧 UK x BTC 🪙
👑🇬🇧 United Kingdom and Bitcoin: neither fan nor enemy... but with 61,000 BTC in its possession
The United Kingdom has not legalized Bitcoin as currency...
Nor does it use it as a central bank reserve...
🧐 So why does it have +61,000 BTC?
👉 Because it has seized cryptocurrencies in hundreds of cases of financial fraud, money laundering, and online scams.
All that BTC goes to the State... at least temporarily.
What does the United Kingdom do with that Bitcoin?
🔹 It keeps it as evidence in judicial cases
🔹 Sometimes it auctions or liquidates it
🔹 In some cases, it goes directly to the Treasury 💼
The Bank of England does not officially recognize it as a reserve, but in the meantime...
💥 the United Kingdom is one of the largest public holders of BTC in Europe.
👁️🗨️ Hypocrisy or legal strategy?
Meanwhile, London is testing its own CBDC: the “Digital Pound,” and regulating exchanges, stablecoins, and tokens with new laws.
📣 Is the United Kingdom playing it halfway... or quietly preparing?