Nigel Farage is just stirring in British politics. Now he tries to shake the entire financial system. During the Bitcoin 2025 conference in Las Vegas, the reform leader of the United Kingdom abandoned a set of proposals that look more like a crypto manifesto than a typical campaign argument.
He calls him the “crypto assets and digital finance Bill”, and he is filled with daring ideas to make the United Kingdom digital active center. The plan includes reducing cryptographic taxes, building a Bitcoin national reserve, and prohibition Cup banks The right people Because they use crypto.
And just as Farage made waves in Vegas, President Trump turned on a fuse at his home by announcing new prices on China, which increased pressure on the world markets. This backdrop made the Farage speech more appropriate than anyone who was probably expected.
Reduce the cryptographic tax to 10%
Let’s start with the play that drew everyone’s attention. Farage wants cut Capital gains tax on the profits of 24% cryptography down to a 10%dish. His reasoning? Current tax configuration right people to avoid reporting or move their money at places with better rules.
Let’s do British economics in the 21st century.
Read the Cryptoaset and Digital Financing Bill of Reform UK.
– Nigel Farage MP (@nigel_farage) May 30, 2025
It says that it is not a question of helping the rich taxes in skirt. It’s about making the system easier to follow so that people follow it. It is also a signal that the United Kingdom should stop pushing innovation through the door and starting to compete with countries like Portugal, which already treat crypto.
A Bitcoin reserve? You heard of course
Farage also launched the idea of creating a Bitcoin reserve at the Bank of England. It is not something that you hear many traditional politicians, especially in the United Kingdom. But in his opinion, it makes sense.
He presented it as a modern financial hedge. Just as Central banks hold gold, why not hold a little Bitcoin? Countries like El Salvador have already taken this path. Farage wants Great Britain to be the next one.
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Take banks
This part came with personal fire. Farage recalled when its bank account with cost was closed in 2023 and said thousands of people dealing with the crypto were faced with the same treatment.
His bill would make it illegal for banks to discriminate legal cryptography users. If your money is clean and your activity is legal, banks should not be allowed to locate you. He transforms his own experience into politics, and this could resonate with an increasing number of voters who have meet the same walls.
Reform UK obtains cryptographic treatment
To prove that it is serious, Farage has also announced that Reform UK now accepts cryptography donations. Bitcoin, Ethereum, Solana and even USDC are all fair games. Their site is already configured to manage it, and they stick to electoral laws by demanding a complete verification of donors.
Zia Yusuf, the president of the party, added that they explored the idea of rental People pay taxes in crypto And even the creation of a sovereign wealth fund supported by digital assets. It’s ambitious, but the signal is clear. They don’t treat crypto like a gadget. It is cooked in their platform.
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Good time, good subject?
With Trump accusing China of breaking trade agreements and threatening new prices, the markets are already at the forefront. The cryptocurrency no faging landed in the middle of all that, Like more people to start To seek alternatives to traditional finance.
Whether or not the United Kingdom follows all of this, the fact that crypto is now a subject of discussion in national policy speaks volumes. Farage obliges conversation and other parties could soon have to answer. Crypto is no longer just for technicians and traders. It is officially on the political menu.
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Main to remember
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Nigel Farage has unveiled a radical “digital financing bill” offering lower taxes, a bitcoin reserve and stronger protections for crypto users.
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He wants to sink capital Crypto tax earnings from 24% to 10%, aimed at making the United Kingdom more competitive with cryptographic friendly nations.
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Farage proposed that the Bank of England holds Bitcoin in reserve, calling it a modern coverage similar to gold.
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The bill would prohibit banks to close the accounts according to the legal cryptography activity, inspired by the banking experience of Farage.
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Reform UK now accepts crypto donations, strengthening his commitment to digital assets as a basic campaign problem.
Post-fessing calls for Bitcoin Reserve and an end of cryptographic bank appeared first on 99Bitcoins.
