UK authorities are advised not to sell 61,000 bitcoins
A group of Bitcoin supporters recommended that the UK authorities not sell 61,000 BTC. The Group argues that preserving these assets is critical to the country's economic strategy and future financial stability. In its statement to the Bitcoin Policy Group, it highlights the enormous value of the UK's Bitcoin reserve, which exceeds $4 billion. Members of the Group cited the mistakes of other countries as an example, such as the hasty sale of BTC by Germany, which did not allow a profit of $124 million. Experts are convinced that maintaining reserves The TC will help the UK increase national wealth and serve as an insurance against future economic difficulties.
Maintaining BTC reserves will allow the United Kingdom to continue to transact with its trading partners even if all other payment channels are closed, writes the letter. e BTC Policy Group. In addition, the letter contains a call to change policy in such a way as to promote the growth of the BTC industry in the UK. This requires a favorable regulatory environment, access to banking services for crypto business and technical and economic feasibility studies for bitcoin mining. All of the above will lead the country to a leading position in the digital economy.
