Reform UK could make Labour think twice about bitcoin reserve
Reform UK’s Cryptoassets and Digital Finance Bill has been published today, hours after the party’s leader, Nigel Farage, promised a bitcoin (BTC) reserve and lax crypto taxes in a Donald Trump-style pitch at Bitcoin 2025. The bill outlines Reform’s plans to allow the use of crypto to settle taxes, and a 90-day deadline for government studies on crypto (subject to extension). This is on top of a crypto capital gains tax reduction to 10%, the introduction of a UK bitcoin reserve, and rules that would bar banks from restricting services based on crypto transactions. Again, these points were all touched on by Farage during Bitcoin 2025. Nigel Farage revealed the crypto bill at Bitcoin 2025. Read more: Nigel Farage said shady alleged crypto ATM owner is ‘like a son to me’ During his spot at the year’s biggest Bitcoin event, the right-wing leader praised Trump and his approach to crypto, and claimed he’s going to bring crypto in “from the cold.” ...