Nigel Farage pledges UK bitcoin reserve and capital gains tax cut in ‘crypto revolution’ if Reform comes to power
At the Bitcoin 2025 conference in Las Vegas on Thursday evening, the leader of Reform, Nigel Farage, pledged to introduce a Crypto Assets and Digital Finance Bill if he becomes Prime Minister.
Farage said Reform will campaign for the bill and put it in place if the party wins the next UK general election, which must be held no later than Aug. 15, 2029. Though that is still likely a few years away, if the party is successful and the legislation is enacted, it would mean the creation of a “bitcoin digital reserve” in the Bank of England, a reduction in capital gains tax from 24% to 10%, and making it illegal for any bank to close customer accounts simply because they send or receive funds from crypto exchanges or trade legal…
