At the Financial Times Digital Assets Summit in London, UK Economic Affairs Minister Emma Reynolds stated that the UK will not follow the US government's lead in reserving Bitcoin, saying "this is not our plan." She emphasized that the UK market is not suitable for such a move but will continue to strengthen cooperation with the US in the digital asset sector. Both sides have established a senior officials working group and will hold a "regulatory forum" in June. Additionally, the UK is exploring the issuance of sovereign debt using distributed ledger technology (DLT) and expects to finalize relevant vendors by the end of this summer. Reynolds also clearly pointed out that the UK will not replicate the EU's MiCA regulatory framework, preferring to have digital assets operate within the existing traditional financial regulatory framework. (Decrypt)

At the Financial Times Digital Assets Summit in London, UK Treasury Minister for Economic Affairs Emma Reynolds stated that the UK will not follow the US government's example of reserving Bitcoin, saying "this is not our plan." She emphasized that the UK market is not suitable for such a move but will continue to strengthen cooperation with the US in the digital asset sector. Both sides have established a senior officials working group and will hold a "Regulatory Forum" in June. Additionally, the UK is exploring the use of distributed ledger technology (DLT) to issue sovereign debt, with relevant vendors expected to be selected by the end of this summer. Reynolds also made it clear that the UK will not replicate the EU's MiCA regulatory framework and prefers to have digital assets operate within the existing traditional financial regulatory framework. (Decrypt)

UK Treasury: The UK Will Not Follow the US Government in Reserving Bitcoin