UK Treasury economic secretary denies plans for national cryptocurrency reserve

Odaily Planet Daily News: Emma Reynolds, the Economic Secretary of the UK Treasury, made it clear that the country will not follow the United States in establishing a national cryptocurrency reserve. She pointed out that the plan is not suitable for the British market. Although the UK's digital asset reserves have not yet been realized, it is considering "the possibility of issuing sovereign debt through the use of distributed ledger technology." Reynolds emphasized that the UK will not copy the special legislative model of the EU MiCA Act, but will adjust existing regulations based on results. For decentralized assets such as Bitcoin, she admitted that there are regulatory limitations and that the government can only take limited intervention measures. (Decrypt)