UK to Exclude 'Unbacked’ Cryptocurrencies From Digital Securities Sandbox Initiative

The British government does not plan to modify the existing legislative framework for derivatives and unbacked cryptocurrencies like Bitcoin.

• 2023-07-11
• digital assets Treasury market efficiency Digital Securities Sandbox DSS crypto the UK Distributed Ledger Technology

Bitcoin Faces Fresh Challenges After Debt Deal Moves Forward, Citigroup Warns

(Bloomberg) -- Just when markets appear to be moving past the months-long drama around the US debt ceiling, holders of risky assets such as cryptocurrencies are likely facing a fresh challenge while the Treasury looks to rebuild its depleted cash balance with an estimated $1 trillion Treasury-bill deluge.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersRich Latin Americans Transform Laid-Back Madri

• 2023-06-03
• debt ceiling Bloomberg Treasury Treasury General Account Bitcoin strategists

The UK government won't make an NFT after all

With the shine well off the technology, the Treasury has announced that it's "not proceeding with the launch" of a government NFT after all.

• 2023-03-28
• NFT the Royal Mint UK Prime Minister Chancellor of the Exchequer Treasury