Reform UK, led by Nigel Farage, has become the first political party in Britain to accept donations through cryptocurrencies, including bitcoin. Announced during the Bitcoin Conference in Las Vegas, this initiative is part of a broader strategy to make the UK a leader in digital finance. Farage highlighted a proposed cryptoassets and digital finance bill aiming to reduce capital gains tax on cryptocurrencies and establish a bitcoin digital reserve at the Bank of England. He also emphasized the importance of allowing cryptocurrency users to bank freely while criticizing the previous government's inaction on the subject.
Reform UK aims to modernize political donations by accepting cryptocurrencies, with a new bill proposed to transform the UK's approach to digital finance.
Farage emphasized the need for the UK to embrace cryptocurrencies, calling it essential for bringing the country into the 21st century and competing globally.
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