- Emma Reynolds, the UK Chancellor of the Exchequer, stated that there are no plans to stockpile cryptocurrencies.
- She explained that the US government's Bitcoin stockpiling policy is not suitable for the UK.
- The Treasury added that it is reviewing the possibility of issuing government bonds using blockchain technology.
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The UK Chancellor of the Exchequer has stated that there are no plans to stockpile cryptocurrencies.
According to Decrypt on the 6th (local time), Emma Reynolds, the UK Chancellor of the Exchequer, stated at the Financial Times Digital Assets Summit that "there is no national strategic plan to stockpile cryptocurrencies," and that "the US government's Bitcoin (BTC) stockpiling policy is not suitable for the UK."
However, she added, "While there are no plans related to reserves, the possibility of issuing government bonds using blockchain technology is under review."
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