The UK Rejects the Idea of a National Bitcoin Reserve
By: bitcoin ethereum news|2025/05/07 02:15:01
0
Share
The UK Ministry of Finance does not plan to create a national reserve of digital assets. This was announced by Emma Reynolds, Economic Secretary to the Treasury, at the FT Digital Asset Summit. According to her, the UK is not going to adopt the US experience. The official noted that such an approach is not suitable for the country’s market. At the same time, Reynolds emphasized the importance of cooperation with the States on digital assets. A special working group of high-ranking officials from the two countries has been set up for this purpose. A forum on the regulation of digital assets is due to be held in June, Reynolds added. She said the country is exploring “the possibility of issuing sovereign debt using distributed ledger technology.” According to Reynolds, the procurement process is already underway and the government hopes to appoint a supplier “by the end of the summer.” Britain has no plans to fully borrow the European model for digital assets MiCa . The country intends to evaluate regulation on outcomes rather than rigid rules, focusing on the traditional financial sector, the official explained. She noted that it is impossible to establish full control over some decentralized assets, especially bitcoin. According to her, the possibilities of the state in this matter are limited by the very nature of the technology. UK unveiled draft rules for crypto industry The UK government published consultation papers on draft legislation for the crypto industry. They would provide a regulatory environment for activities such as exchanges and the issuance of stablecoins. The authorities also planned to set new admission and disclosure requirements for the digital asset market. The bill built on the Financial Markets Act of 2023, which expanded the Treasury’s powers. Unlike EU countries, where MiCA regulations are in place, the UK was still just forming rules for the industry. Finance Minister Rachel Reeves said the new regulations are aimed at attracting investment and developing the digital sector. She emphasized that the country will work with the US to support the responsible growth of the crypto market. The discussion of the document was open until May 25. The government had promised to publish separate rules related to market abuse and disclosure later. Osborne Clarke lawyer Nick Price, in comments to Reuters , called the bill “simple and straightforward”. He said it would provide greater certainty, stability and consumer protection. Scottish school to introduce bitcoin payments ‘first in the UK’ Lomond School boarding school will start accepting bitcoin tuition in the fall of 2025 . Representatives of the school, located in the Scottish town of Helensborough, said they made the decision in response to requests from parents of students, including international students; According to the administration, the initiative is in line with the school’s “ideals of independent thinking and innovation”. The payments will be introduced in several stages. Initially, the received cryptocurrency will be converted into pounds sterling to “reduce currency risks”. The institution has no plans to accept assets other than bitcoin. According to Lomond School’s statements, this is the first case of cryptocurrency adoption among private schools in the UK. Tuition is up to £38,000 (about $49,700 or 0.58 BTC at the time of writing) per year. The school accepts local and international students from three to 18 years old. Source: https://coinpaper.com/8956/the-uk-rejects-the-idea-of-a-national-bitcoin-reserve
You may also like

SBF's little brother turned 225 million into 5.5 billion in one year
Let’s meet the 24-year-old new "stock god" of AI.

In a World of Disruption, How Can Humanities Workers Better Use AI?
This AI in Practice experience is not about teaching you a few magical keywords to memorize; it's more like a methodology.

Anthropic Open Letter: The Hypocritical Sam Altman, PUA Master
OpenAI's extensive PR rhetoric with the Department of War on these issues is either lying or deliberately creating confusion. These facts reveal a pattern of behavior, a pattern I have seen many times in Sam Altman, and I hope everyone can recognize it

On the same day that Kraken's Fedmaster Account was approved, the banking lobbying group immediately launched a counterattack.
Banking Lobby Group Slams Kraken's Approval for "Limited Purpose" Fed Master Account.

Bitwise: This weekend's attack accelerated the on-chain migration of the financial world
The never-ending market has become a global obsession.

Market Downturn: Which Assets Are Worth Watching?
"Whether it can bring benefits to the holder" is one of the key reference indicators.

The real opportunity of stablecoins is not to kill Visa
In the new merchant ecosystem born in the AI era, stablecoins will become the first widely adopted payment infrastructure.

Trump's AI Farce: Insult if You Don't Pay
Dario's all-hands email is full of ad hominem attacks
US & Canada Crypto Tax Season 2026: Official Tax Reporting Support from WEEX × KoinX
Prepare for US & Canada crypto tax season 2026. Learn how to export your WEEX transaction history and access official reporting support through our partnership with KoinX.

Conversation between Tom Lee and "The Big Short" Author: AI has detected bubble signal, crypto correction due to gold liquidity being "siphoned off"
A real bubble occurs when everyone is absolutely certain that "this is definitely not a bubble."

The true reason for Claude's ban, Kraken accessing the Federal Reserve payment system, What is the English community paying attention to?
What Was Trending in the Last 24 Hours?

「Buying the Dip」 of 400,000 BTC: Is $74,000 a Rebound or a Reversal?
BTC price hits a new monthly high.

OpenClaw, Another Batch of Middle Class Jobless
Time will not wait for anyone.

Morning News | Backpack will launch on-chain IPO subscription service; Predict.fun strategically acquires on-chain prediction platform Probable; SoFi partners with Mastercard for strategic cooperation
March 4 Market Important Events Overview

Inventorying the Washington power in the crypto space, who is speaking out for U.S. crypto legislation?
From ideology to ecological initiatives, the lobbying power of American cryptocurrency is undergoing a comprehensive evolution, ushering in a new era of specialized and refined policy games.

650 million dollars, 1.5 billion dollars, 2 billion dollars, the crypto VC landscape has changed!
Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.

Why prediction markets are the largest untapped collateral pool in DeFi
From "gambling" to "financable assets": prediction markets are becoming the next hundred billion collateral pool in DeFi, opening new frontiers of capital efficiency.
500% XAUT Staking, Zero-Fee Gold Futures and $100K Rewards: Why Traders Are Turning to WEEX for Tokenized Gold
Explore WEEX's $100,000+ gold campaign featuring 500% XAUT staking, zero-fee gold contracts, and $30,000 PAXG rewards. Trade tokenized gold today.
SBF's little brother turned 225 million into 5.5 billion in one year
Let’s meet the 24-year-old new "stock god" of AI.
In a World of Disruption, How Can Humanities Workers Better Use AI?
This AI in Practice experience is not about teaching you a few magical keywords to memorize; it's more like a methodology.
Anthropic Open Letter: The Hypocritical Sam Altman, PUA Master
OpenAI's extensive PR rhetoric with the Department of War on these issues is either lying or deliberately creating confusion. These facts reveal a pattern of behavior, a pattern I have seen many times in Sam Altman, and I hope everyone can recognize it
On the same day that Kraken's Fedmaster Account was approved, the banking lobbying group immediately launched a counterattack.
Banking Lobby Group Slams Kraken's Approval for "Limited Purpose" Fed Master Account.
Bitwise: This weekend's attack accelerated the on-chain migration of the financial world
The never-ending market has become a global obsession.
Market Downturn: Which Assets Are Worth Watching?
"Whether it can bring benefits to the holder" is one of the key reference indicators.