Nigel Farage Promises BTC Reserve and Pro-Crypto Laws if Elected
Reform UK leader Nigel Farage announced plans for crypto-friendly legislation, including the Crypto Assets and Digital Finance Bill, if elected. Key points include:
- Establishing a bitcoin reserve at the Bank of England
- Prohibiting banks from debanking customers for crypto interactions
- Implementing a 10% capital gains tax on crypto assets
- Opposing a British central bank digital currency (CBDC)
Farage emphasized the goal to position London as a major global trading center for crypto. Reform UK has gained popularity in recent polls and local elections, with the next general election scheduled for August 2029. The party is also the first in Europe to accept crypto donations.