Reform UK leader Nigel Farage Today promised to adopt crypt-Reventy legislation and establish a Bitcoin
Reserves at the Bank of England if he enters the government.
“We have put together … Crypto Assets and Digital Finance Bill. We will campaign for this and we will put it in place when we win in the election,” Farage said on stage at the Bitcoin conference in Las Vegas.
“We will launch in the UK a crypto revolution. We will make London one of the world’s most important trading centers. We are deadly serious,” Farage added.
The legislation will prohibit banks from wiping out customers from interacting with crypto, Farage said. He also talked about implementing a capital tax of 10% of crypto assets and argued that “If taxes are reasonable, people will pay them.” He also argued against the implementation of a British central bank’s digital currency (CBDC).
Reform UK has recently been increasing in British polls; The party also worked well in the local elections earlier in May. However, the next parliamentary election is currently scheduled for August 2029.
The party announced on Thursday that it would be the first European political party to accept crypto donations.
