Nigel Farage Reveals Bold Crypto Plan for UK
Nigel Farage announces a major crypto-friendly policy, including tax cuts and a Bitcoin reserve in the UK central bank.
- Farage proposes a 10% capital gains tax on crypto
- UK to consider a Bitcoin reserve in the Bank of England
- New laws to protect crypto traders from unfair bank actions
Farage’s Crypto Vision for the UK
UK Prime Ministerial candidate Nigel Farage has released a pro-crypto policy proposal aimed at making the United Kingdom a global hub for digital finance. The plan includes significant regulatory and financial reforms that could reshape how the country approaches cryptocurrencies.
Farage’s Crypto Assets & Digital Finance Bill aims to create a clear legal framework to support the growth of the crypto industry. This bill would not only provide clarity for investors and businesses but also attract international crypto firms looking for regulatory certainty.
One of the most eye-catching aspects of his plan is a flat 10% capital gains tax on crypto profits. Farage believes this reduced rate will encourage voluntary tax compliance and attract crypto entrepreneurs to the UK.
Bitcoin in the Bank of England?
Perhaps the boldest move in Farage’s proposal is the suggestion to include Bitcoin as part of the UK’s official reserves. If implemented, this would make the Bank of England one of the first major central banks to hold Bitcoin, signaling strong government confidence in the future of digital assets.
This aligns with global trends where some nations are exploring Bitcoin reserves as a hedge against inflation and currency devaluation.
Protecting Crypto Users from Bank Discrimination
Another key part of the plan addresses the growing concern of banking discrimination against legal crypto traders. Farage promises to introduce laws that prevent banks from closing customer accounts simply for engaging in lawful crypto transactions.
This is a response to complaints from UK crypto users who have found their bank accounts shut down despite operating within legal boundaries. By enforcing financial neutrality, the proposal aims to restore trust between banks and crypto users.
With this crypto-forward strategy, Farage positions himself as a leader ready to embrace financial innovation while protecting consumers and encouraging economic growth.
Read Also:
- Capturing Whale Attention: 69% APY Makes Troller Cat One of the Best 100x Cryptos as Brett Slows and Keyboard Cat Stir
- 2025’s Top Cryptos to Invest in Right Now: Qubetics’ Secure Ecosystem, Tron’s Lending Leap, and Stellar’s Cross-Border AI Push
- Bitcoin Whale With 40x Leverage Gets Liquidated
- Missed Bitcoin at $1? BlockDAG at $0.0018 Might Be Your Second Chance
- Meta Shareholders Reject Bitcoin Treasury Plan
