Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve
Nigel Farage, leader of the Reform Party, announced a strong commitment to cryptocurrency during his speech at the Bitcoin 2025 conference in Las Vegas. He pledged to prioritize crypto if elected Prime Minister in the 2029 general election, introducing the Crypto Assets and Digital Finance Bill. This legislation aims to reduce capital gains tax on crypto to 10%, require the Bank of England to hold a Bitcoin reserve, and prevent banks from denying services to crypto users. Farage shared his personal experience of being denied banking services, connecting with the audience on issues of financial freedom. The Reform Party is now accepting donations in various cryptocurrencies, aligning with a global trend among right-wing parties embracing crypto. Farage positioned the party as anti-establishment and disruptive, resonating with the crypto community's values.
