PA Media Reform UK, under the leadership of Nigel Farage, has made a historic move by allowing donations in Bitcoin, marking it as the first British party to embrace cryptocurrency. Announced at a Las Vegas conference, Farage pledged to introduce a "Crypto Assets and Digital Finance Bill" if elected prime minister, including tax cuts on crypto assets and the establishment of a Bitcoin reserve at the Bank of England. The move comes amid ongoing discussions in the UK government about regulating cryptocurrencies, aiming for the UK to remain competitive in the global crypto market.
Let's recognise that crypto, Bitcoin, digital assets are here to stay. Reform UK aims to launch a crypto revolution in the UK.
My draft bill proposes cutting capital gains taxes on crypto from 24% to 10%, and creating a Bitcoin digital reserve at the Bank of England.
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