Key Takeaways
- Farage pledged to create a UK Bitcoin reserve if elected Prime Minister.
- He proposed chopping capital positive aspects tax on Bitcoin from 24% to 10%.
- Reform UK is now the primary British political get together to just accept Bitcoin donations.
On the Bitcoin 2025 Convention in Las Vegas, Reform UK chief Nigel Farage pledged sweeping reforms to combine Bitcoin into Britain’s monetary system.
If elected, he stated his get together would introduce a…
… Crypto Belongings and Digital Finance Invoice.
The invoice’s objective can be to determine a Bitcoin reserve on the Financial institution of England, chopping capital positive aspects tax on Bitcoin from 24% to 10%, and banning banks from debanking prospects over authorized Bitcoin transactions.
Promising a crypto revolution
Farage promised to make London a world hub for Bitcoin buying and selling.
He declared:
We’re going to launch in Britain a crypto revolution.
He cited knowledge exhibiting over 7 million Britons personal digital property, together with 25% of these underneath 30.
Reform UK accepts Bitcoin donations
Reform additionally grew to become the primary UK political get together to just accept Bitcoin donations.
Farage stated:
As of now, individuals with bitcoin can provide us cash.
Political standing and imaginative and prescient
Polling from Statista locations Reform at 29%, forward of Labour (22%) and the Conservatives (17%).
Farage stated he’s extra certified than “Oxford-educated human rights legal professionals” and believes a mandate would give him energy to enact main change.
Criticism of present methods
The UK already holds 61,245 BTC—third amongst nations after the U.S. and China.
However Farage criticized the shortage of strategic imaginative and prescient from main events and stated he desires to finish consideration of a central financial institution digital foreign money (CBDC), calling it…
… the last word type of tyranny.
Addressing debanking considerations
Reflecting on his personal “debanking” expertise, Farage highlighted the urgency of defending monetary entry, saying over 400,000 individuals have been debanked within the UK final yr alone.