According to Odaily, Nigel Farage, leader of the UK Reform Party, is set to announce a cryptocurrency policy plan at an upcoming Bitcoin conference. The plan, reminiscent of U.S. President Donald Trump's style, aims to garner support from younger British voters. Farage intends to propose a new 'Cryptocurrency Bill' to Parliament if his party wins the next UK general election, with the goal of establishing the UK as a 'crypto powerhouse.'
The proposed legislation includes significant measures such as reducing the capital gains tax on crypto investments from the current 24% to 10%. Additionally, it plans to introduce a two-year regulatory sandbox to foster crypto innovation in London's financial district. The bill also seeks to prohibit restrictions on services accepting crypto payments, thereby protecting consumer rights in the use of cryptocurrencies.
