UK Rejects National Cryptocurrency Reserve, Seeks Alignment with U.S. in Other Areas

According to BlockBeats, UK Economic Secretary to the Treasury Emma Reynolds announced at the Financial Times Digital Assets Summit in London that the UK will not follow the U.S. in establishing a national cryptocurrency reserve. Reynolds stated, "We believe this approach is not suitable for our market, although we understand it is the choice of the United States, it is not part of our plan." Reynolds mentioned that the UK is seeking alignment with the U.S. in other areas. She revealed that the UK Chancellor has met with U.S. Treasury Secretary Scott Bessent, and both sides have established a working group of senior officials. This regulatory forum is scheduled to meet in June to discuss cooperation on digital assets.