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Reform's New Crypto Plan Driven by Politics

  • Nigel Farage, leader of Reform UK, declared at Bitcoin 2025 that if he becomes Prime Minister following the 2029 UK general election, he plans to put forward legislation focused on crypto assets and the digital finance sector.
  • Farage intends to lower the UK’s crypto capital gains tax from 24% to 10% and plans to have the Bank of England establish a national Bitcoin reserve in response to the country’s currently strict cryptocurrency regulations.
  • Reform UK has become the first British party to accept crypto donations including Bitcoin, Ethereum, Solana, and USDC, aiming to attract younger and tech-savvy voters.
  • Farage stated, referring to CBDC, that it is a "threat to individual liberty," and emphasized the need for updated crypto regulation to position the UK as a global digital finance leader.
  • Reform UK’s momentum in polls suggests cryptocurrency policy may become a key UK political issue, while Farage’s proposals could shift the country’s digital finance engagement if supported.
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Farage, ex-Brexitier, turns into crypto-evangelist: Bitcoin reserve, digital donations and futuristic legislation. The United Kingdom, a new crypto paradise? The Bitcoin article: Farage's shock plan to seduce British youth appeared first on Cointribune.

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Cryptoast broke the news in on Friday, May 30, 2025.
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