UK Treasury Rules Out Bitcoin as National Reserve, Focuses on Digital Asset Potential

The UK government is firmly against establishing a national cryptocurrency reserve, despite interest from the US in adopting such an approach. Emma Reynolds, UK Treasury Secretary, stated this at the Financial Times Digital Asset Summit, highlighting that the country has no plans to adopt Bitcoin or other cryptocurrencies for this purpose. While respecting the US strategy in exploring BTC reserves, she emphasized that this is not a suitable option for the UK’s market environment.