UK Treasury to Regulate Digital Assets Using Existing System

The UK government is taking a cautious approach to crypto regulation, opting to leverage existing financial frameworks rather than adopting a model similar to the U.S. national cryptocurrency reserve system. Emma Reynolds, UK Treasury Secretary, emphasized stability over rapid innovation in this decision. This move focuses on Bitcoin specifically and will have limited impact on other altcoins. Market reactions remain subdued, reflecting the UK’s focus on consistent investment environments for traditional market players.