🇬🇧 MP @EmmaforWycombe writes that the “UK government currently has no plans to adopt a strategic bitcoin reserve.”
She believes Bitcoin’s “properties as an asset nonetheless remain inconsistent with the objectives and investment principles that govern the Government's foreign exchange reserves.”
The UK government appears dead set on fumbling a bag of 61,000 BTC.
Nothing New, EU would still be EU.
Always slow in reacting to change
And about their seized fund, why hold something they consider too volatile till now
They know how much the proceed Would help their debt.
They are being cautious. It's a reserve without being stated until they choose to sell.
It's too volatile for them, they prefer Fiat that's stablely (not a word) dying slowly than one who's fall are Temporary.