Bloomberg analysts suggest that the liquidation of assets will provide the new Chancellor of the Treasury Rachel Reeves with an opportunity to demonstrate support for the technology sector. To restore the country's economy, the chancellor can use the first cryptocurrency.
Recall that in March, the experts of the Arkham Intelligence platform discovered a wallet associated with the Cabinet of Ministers of the United Kingdom, which contained 61,245 BTC. Most of the assets were confiscated during the investigation of the fraudulent scheme in 2018.
Bloomberg noted that Rachel Reeves could do the same as former British Prime Minister Gordon Brown, when 401 tons of gold from the country's reserves were sold under his leadership between 1999 and 2002.
In addition to additional budget financing, the sale of bitcoins will allow the conservative government to emphasize support for the state's digital industry, analysts say.
Previously Commissioner of the U.S. Securities and Exchange Commission (SEC) Hester Peirce has proposed to the Bank of England and the Financial Supervisory Authority of the United Kingdom to create a cross-border sandbox to regulate innovations in the field of digital assets.