UK Rules Out Bitcoin Reserve, Citing Market Concerns

By: altcoinbuzz io|2025/05/07 20:15:02
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This week, Economic Secretary to the Treasury Emma Reynolds made it clear that the UK government has no plans to hold Bitcoin. She stated it’s “not appropriate for our market.The comment, made during a Treasury committee hearing, puts a firm pin in speculation around the UK potentially following in the footsteps of El Salvador. It also puts an end to discussions about U.S. politicians advocating for a strategic Bitcoin reserve.Why Bitcoin Reserves Are Gaining Interest GloballyThe idea of a country holding Bitcoin may have sounded outlandish a few years ago, but that narrative is evolving. El Salvador was the first to adopt Bitcoin as legal tender in 2021 and has since added BTC to its national treasury. More recently, reports indicate that the U.S. government holds a significant amount of Bitcoin—seized assets from criminal cases, now stored rather than sold off immediately.Advocates argue that Bitcoin reserves could act as a hedge against inflation, currency debasement, or geopolitical risk. Michael Saylor, Executive Chairman of MicroStrategy and a vocal Bitcoin bull, has championed the idea of governments adopting Bitcoin as a strategic asset. Some U.S. states have even passed legislation that allows Bitcoin to be held on state balance sheets.NEW: UK Economic Secretary for the Treasury Emma Reynolds rules out a national Bitcoin reserve.“We don’t think that’s appropriate for our market.” pic.twitter.com/o3p4PqY4H8— Bitcoin News (@BitcoinNewsCom) May 6, 2025In contrast, the UK appears to be drawing a clear line between supporting blockchain innovation and embracing crypto assets at the state level. The Treasury’s decision reflects broader concerns over Bitcoin’s price volatility, environmental impact, and regulatory uncertainty.More About Bitcoin ReserveA Taiwanese lawmaker has officially urged the government to consider creating a strategic Bitcoin reserve, marking a bold step in the region’s approach to digital assets. The proposal, made by Congressman Jason Hsu, highlights the growing importance of Bitcoin in global finance and national security. Hsu argues that Bitcoin could serve as a modern hedge against inflation, financial instability, and geopolitical risk. TAIWAN JUST URGED TO CREATE A STRATEGIC #BITCOIN RESERVE BY A CONGRESSMANIT’S HAPPENING!!! pic.twitter.com/x7sQudTRgQ— Vivek (@Vivek4real_) May 7, 2025As central banks worldwide explore digital currencies and the U.S. edges closer to broader crypto adoption, Taiwan’s move signals a shift in thinking. While no formal action has been taken yet, the suggestion has sparked fresh debate about Bitcoin’s role in national reserves and its potential to strengthen Taiwan’s economic resilience.DisclaimerThe information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.The post UK Rules Out Bitcoin Reserve, Citing Market Concerns appeared first on Altcoin Buzz.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

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Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

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Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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