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UK government to launch Bitcoin-backed digital pound in 2026
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UK government to launch Bitcoin-backed digital pound in 2026

A confidential draft from the UK Treasury has leaked online this morning, causing shockwaves across the crypto and financial communities. The 19-page document outlines a new pilot project called "Britcoin Reserve" — a Bitcoin-backed version of the digital pound (CBDC) to be launched in mid-2026.

Written by Thomas

Translated on April 1, 2025 at 17:00 by Thomas

UK government launch Bitcoin-backed digital pound
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A Bitcoin-backed Britcoin?

According to the leaked file, the UK government plans to partially collateralize its upcoming digital pound with Bitcoin reserves held by the Bank of England. An internal source quoted in the document states:

“With inflation concerns and dollar dependency rising, Bitcoin offers a liquid and programmable hedge for the new monetary era.”

The plan includes a phased accumulation of BTC through institutional custodians such as Fidelity and Anchorage Digital, starting Q4 2025.

UK Bitcoin

The Treasury has allegedly been in talks with several crypto-native infrastructure providers, including Chainalysis, Fireblocks, and even Tether, to ensure compliance, liquidity, and programmability.

Quiet moves in the background

This shift didn’t come out of nowhere. In early March, a motion was tabled in Parliament under the title “Decentralised Reserve Assets and the Future of the Digital Pound.” Though dismissed publicly as exploratory, insiders now say it was part of a larger strategic roadmap.

A former advisor to the Bank of England even tweeted (then deleted) the following message on March 27:

“Gold is 20th century. Bitcoin is now. Watch the Pound evolve.”

Reports also indicate that Norway, Denmark, and Singapore have quietly discussed similar hybrid CBDC models in closed-door IMF forums.

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Too bold to be real?

If this all sounds too good (or too crazy) to be true… well, that’s because it is. As of now, no such plan has been confirmed by the UK government, the Bank of England, or any credible institution.

But hey — with rising inflation, global CBDC trends, and Bitcoin’s increasing legitimacy, maybe we’re not as far off as it sounds.

April Fools’ 🐟

More on this topic :

Thomas

Thomas

Thomas holds a BTS in computer science with a specialization in SEO and is certified in web writing and e-commerce. Passionate about blockchain technology and cryptocurrencies since 2018, he specializes in analyzing crypto market cycles. His journey into GPU mining began in 2019 with ETH before transitioning to KASPA and Alephium (ALPH).

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