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Written question asked by Lord Elliott of Mickle Fell (Conservative) on Tuesday, 21 January 2025, in the House of Lords. It was due for an answer on Tuesday, 4 February 2025. It was answered by Lord Livermore (Labour) on Tuesday, 4 February 2025 on behalf of the Treasury.


Bitcoin

Question

To ask His Majesty's Government, further to the Written Answer by Lord Livermore on 19 December 2024 (HL3296), what advice they have sought on establishing a strategic Bitcoin reserve for the United Kingdom; and whether they have had discussions with the government of the United States of America about any potential benefits this might offer the United Kingdom.

Answer

As set out in my previous response, HM Treasury currently has no plans to adopt a strategic bitcoin reserve.

The UK and US have a close and historic relationship and hold regular engagement. We will not comment on hypothetical policy positions.


Secondary information

Type
Written question
Reference
HL4249
Session
2024-26
Related items
Bitcoin
Thursday, 19 December 2024
Written questions
House of Lords
Subjects
Government Bitcoin
Link
View this Written question on www.parliament.uk