British Treasury Ministry, the decision to implement the plan to create a national crypto reserve plan, said they follow a different way from the US method. In the statements, this approach was not compatible with the current market dynamics of the country.
Crypto Reserve idea and cooperation
Speaking at the Digital Asset Summit in London, Deputy Treasury Deputy Minister of Treasury Emma Reynolds MP, the national crypto reserve plan is not suitable for the UK market, he added. Reynolds pointed out that the United States is moving in this direction and said that they have adopted a different strategy for the country.
“Not suitable for our market, our plan will not proceed in this direction.” – Emma Reynolds MP
Last week, British Deputy Prime Minister Rachel Reeves came together with US Treasury Minister Scott Bessent and Washington DC and announced that a high -level working group focusing on crypto assets will be established. The upcoming regulatory forum aims to ensure that both countries move in harmony.
Crypto Money Regulation
Reynolds, while touching on the difficulties of organizing decentralized systems, especially Bitcoin $94,016.88 It is difficult to subjected comprehensive supervision of assets such as distributed structure. This shows that there are some uncertainties in determining regulatory standards.
Unlike the EU’s detailed Mica frame, the UK said it prefers traditional and result -oriented legislation. In the official statements, it was underlined that the principle of “the same risk, the same regulatory approach”.
In order to discover new areas in financial innovation, the use of distributed book technology and the investigation of dominant borrowing opportunities continue. In this process, it is planned to deal with legal innovation and struggle against abuse in market regulations at the same time.
According to the statements, the cooperation with the US strengthens the UK’s regulatory adaptation work, while maintaining independent strategies. In the light of existing uncertainties, the country continues to renew its financial structures and exhibit an open attitude to international cooperation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
