The United Kingdom refused to create a national bitcoin reservo

The UK Ministry of Finance does not intend to form a state reserve of digital assets. This was stated by the Economic Secretary of the Treasury Emma Reynolds At the FT Digital Asset Summit, DECRYPT reports.

According to her, London is not going to follow the example of the US – this approach is not suitable for the local market. At the same time, the official emphasized the importance of cooperation with the American side regarding digital assets. A joint working group of high -ranking officials of both countries was created for this purpose.

In June, it is planned to hold a digital asset regulation forum, added Reynolds.

The official also reported that the government is studying the possibility of issuing government bonds using the technologies of the distributed register. The process of public procurement is already ongoing, and the authorities hope to elect a supplier by the end of the summer.

The United Kingdom does not plan to fully copy the European Mica regulation model. Instead, the country promises to evaluate the effectiveness of the results, focusing on the approaches of the traditional financial sector.

Reynolds also acknowledged that it is impossible to establish complete control over individual decentralized assets – in particular bitcoin. The nature of the technology itself limits the possibilities of state intervention, it noted.

Recall that in April the government of the United Kingdom published a project of the rules for the crypto industry.

The gun