While several economic powers plan to integrate bitcoins into their reserves, the United Kingdom will decide to strategic rupture. There will be no national crypt reserve, confirmed by the Ministry of Finance during the FT Digital Asset Summit in London. This decision strongly contrasts with the offensive approach of the United States under Trump’s administration. What reveals this choice on the British crypto vision? And what will be the consequences for London’s place in the world of digital ecosystem?
In short
- The United Kingdom categorically excludes the creation of a national bitcoin reserve, unlike the United States.
- Economic Minister of Finance, Emma Reynolds, says this strategy is not “suitable for the British market”.
- Nevertheless, the British government examines the innovative use of blockchain, especially for the sovereign debt program.
- The United Kingdom rejects the European approach (MICA) and prevents regulation integrated into the traditional financial system.
London follows the red line: no national crypt reserve
Economic Secretary of the British Treasury Emma Reynolds, who could introduce the National Reserve Kryptos, which the United Kingdom could introduce the National Reserve Kryptos, organized by the financial times organized by the Financial Times in London.
When asked about the possibility of following the American dynamics Reynolds, he said:
This is not a plan for us. We don’t think it’s suitable for our market.
This official statement is a clear rejection of any public storage strategy or other crypt of the British state.
Such location is clearly distinguished from the current attitude of the United States, where Trump’s administration receives posture openly favorable to crypts. By rejecting this trend, the United Kingdom mimics the cautious and sovereign orientation. Here are key elements that structure this rejection:
- The British government does not consider bitcoin as an asset adapted to the management of sovereign reserves;
- The American approach, focused on the strategic accumulation of bitcoin by the federal state, is perceived as converted to the British context;
- The British treasure favors a more conservative and institutional vision of cryptus, where the state remains behind;
- This position is part of the global framework for public risk aversion to volatile assets, even in the context of growing adoption.
By representing this red line, the United Kingdom clearly suggests that it does not intend to transform its reserves into crypto tools. This choice illustrates the location of perceived responsibility, which aims to maintain the financial stability and credibility of the national budget in the face of the market, which is still considered too uncertain.
Another ambition: to regulate and innovate rather than store
If the United Kingdom refuses to use bitcoins as a reserve asset, it does not mean disconnecting from the crypt field. Emma Reynolds said the British government was actively studying sovereign debt emissions through Blockchain technology.
“We are exploring the potential to issue public debt using distributed registry technologies (DLT)”, She said. The Provider’s selection procedure is in progress to indicate “Since the end of summer”which testifies to the apparent interest in the specific use of web3 technologies in market infrastructure.
In another register, the economic secretary revealed the establishment of a high -level working group between the United Kingdom and the United States, which was to support regulatory cooperation on these assets. This bilateral body, qualified as “Regulatory Forum”will organize a meeting in June.
However, Reynolds wanted to emphasize that this cooperation does not mean systematic matching with US or European approaches. In particular, she said the United Kingdom would not reproduce the regulatory frame of the element established by the EU and favors access “Results” and integrated into the traditional financial service district.
This strategic choice based on the principle “The same risk, the same regulation”It opens the middle way between American crypto activism and European normative strictness. This could allow the united kingdom to stand up as a regulated innovation center that is able to attract actors of blockchain and at the same time guarantee the stability of the financial system. It remains to be determined whether this hybrid posture, which prefers experimenting under direct investment, will be enough to maintain London in the plant for the world crypt leadership.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
