UK Chancellor of the Exchequer denies establishing a national cryptocurrency reserve plan

Odaily Planet Daily News: Emma Reynolds, the UK Chancellor of the Exchequer and Secretary of State for Economic Affairs, has made it clear that the country will not follow the example of the United States in establishing a national cryptocurrency reserve. She pointed out that the plan is not suitable for the UK market, although the UK's digital asset reserves have not yet been realized, the country is considering the possibility of issuing sovereign debt through the use of distributed ledger technology. Reynolds emphasized that the UK will not simply copy the specialized legislative model of the EU MiCA Act, but will adjust existing regulations based on a results oriented approach. For decentralized assets such as Bitcoin, she acknowledges regulatory limitations and limited intervention measures that the government can take. （Decrypt）