The UK is lagging behind the US in cryptocurrency regulations, particularly regarding Bitcoin treasury companies (BTCs). Rachel Reeves aims to enhance economic growth by easing regulations, but current UK accounting rules treat Bitcoin as an intangible asset, obscuring its true value. This punitive approach discourages UK firms from holding digital assets, while US regulations allow for fair value accounting, enhancing transparency. Gautam Pillai, head of fintech research at Peel Hunt, argues that updating UK standards could attract investment and support innovation. He said: “If the Chancellor is serious about loosening the heavy tread of the boot, she should start here.”
UK accounting rules hold Britain back amidst global crypto drive
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