Bitcoin policy panel urges UK to retain bitcoin holdings
The Bitcoin Policy Group has issued a warning to the UK, advising it not to sell its 61,000 bitcoins held. The group believes that keeping these bitcoins is essential to the UK's economic strategy and future financial stability. In its letter, the Bitcoin Policy Group stressed that keeping the UK's bitcoin holdings increases the country's wealth and hedges against future economic uncertainty.
In addition, the letter also calls for supportive policies to promote the growth of the Bitcoin industry in the UK. Recommendations include creating a favourable regulatory environments, ensuring access to banking services for Bitcoin businesses, and conducting feasibility studies on Bitcoin mining as part of the UK's net zero target. The Bitcoin Policy Group claims that these measures will not only protect the value of Bitcoin assets in the UK, but will also make the UK a leader in the digital economy.