Crypto Reserve Plan Dropped by UK

UK Treasury Rejects US-Style Crypto Reserve

• The UK Treasury has decided against establishing a national crypto reserve.
• Economic Secretary Emma Reynolds stated this approach is unsuitable for the UK market.
• The decision contrasts with the U.S., which is exploring a national crypto reserve.
• A senior-level working group on digital assets has been established between the UK and US.
• The UK favors an outcome-based legislative style over the EU’s MiCA framework.

The UK Treasury, led by Economic Secretary Emma Reynolds, has ruled out creating a national crypto reserve, diverging from U.S. plans and maintaining its traditional legislative approach to cryptocurrency regulation.