UK Finance Minister Tulip Siddiq promotes issuance of digital gilt bonds

BlockBeats reported that on October 2, UK Finance Minister Tulip Siddiq is promoting the issuance of "digital gilt bonds" on the blockchain. Despite opposition from the Treasury's Debt Management Office (DMO), Siddiq is determined to push forward the plan to avoid the UK falling behind in the global financial technology competition.

Treasury officials revealed that despite resistance to reform, Siddiq believes that digital bonds are an inevitable trend in the long run. The UK needs to accelerate its pace to keep up with the development of global blockchain technology.