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Farage Pitches Himself as Crypto’s ‘Champion,’ Proposes UK Bitcoin Reserve and Tax Cuts
Yahoo Finance·2025-10-14 03:52

Nigel Farage has pledged to slash crypto taxes and establish a UK Bitcoin reserve if elected. Reform UK’s leader declared at the Digital Asset Summit in London on Monday that “when it comes to your industry, when it comes to growth in this industry, then I am your champion.” The proposed legislation would reduce the capital gains tax on crypto investments from 24% to a flat 10% and mandate that the Bank of England establish a Bitcoin reserve using approximately £5 billion worth of Bitcoin currently held f ...