UK Wants to Sell Its Bitcoin as Critics Warn of Gordon Brown-Style Mistake
BeInCrypto
20-07-2025 09:32:00
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The United Kingdom is reportedly considering selling some of its seized Bitcoin holdings to help cover its mounting budget deficit.
This move comes amid growing pressure on the UK government to address fiscal shortfalls. If approved, the sale would mark a departure from the emerging global trend of governments building strategic Bitcoin reserves.
UK Faces Backlash Over Potential Bitcoin Sale
According to the report, the UK Treasury and Home Office are working closely with law enforcement agencies. They aim to explore the sale of nearly £5 billion ($6.7 billion) worth of confiscated digital assets.
The authorities are also considering the development of a secure infrastructure for crypto asset managementto facilitate such sales.
This proposal is part of a broader fiscal strategy aimed at easing the burden on Chancellor Rachel Reeves. Experts estimate the UK faces a budget gap of approximately £20 billion, which the government may attempt to bridge through asset sales and tax increases.
Meanwhile, the idea of