At the Bitcoin 2025 Conference in Las Vegas, British politician Nigel Farage unveiled a bold new vision for the UKโs crypto future โ and itโs not just talk. He wants real change, fast.
Farage announced a new proposal called the:
โCrypto Assets and Digital Finance Billโ
This plan is aimed at making the UK a global crypto leader. Hereโs a simple breakdown of what heโs pushing:
๐งพ 1. Slash Crypto Taxes to 10%
๐ป Current UK tax on crypto profits can go up to 24%
โ
Farage wants to cut it to a flat 10%
Why?
He says high taxes push people away or force them to hide profits. Lowering taxes makes it easier for people to follow the rules and keeps crypto innovation in the UK.
โWeโre losing talent and money to countries like Portugal. That has to stop.โ
๐ช 2. Create a UK Bitcoin Reserve
๐ฆ Farage wants the Bank of England to hold Bitcoinโjust like it holds gold.
Why?
He believes Bitcoin can act as a financial safety net for the country, especially during times of global market stress.
โIf gold is a hedge, Bitcoin can be too. Other countries like El Salvador are already doing it.โ
๐ 3. Ban Banks from Discriminating Against Crypto Users
๐ซ Farage says banks should not be allowed to block or close accounts just because someone uses crypto.
He shared his own experience:
๐ His bank account was shut down in 2023 with no clear reason, and he believes many crypto users face the same unfair treatment.
His proposal:
โ
Make it illegal for banks to de-bank people who are using crypto legally.
โClean money shouldnโt be blocked just because itโs digital.โ
๐งก 4. Reform UK Party Now Accepts Crypto Donations
๐ธ Farage is backing up his words with action:
His political party, Reform UK, now accepts donations in:
Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)
USDC (Stablecoin)
๐งพ Donors must verify identity to stay within UK election laws.
๐ก 5. Future Plans (In Development)
๐งพ Let UK citizens pay taxes in crypto
๐ฆ Launch a sovereign wealth fund backed by digital assets
These are still in the early stages but show the long-term vision.
๐ Why It Matters
๐ At the same time, Trump is shaking global markets with new China tariffs.
๐ People are looking for alternativesโand Farage says crypto is the answer.
His pitch:
๐ Make the UK pro-crypto, tax-friendly, and financially free
๐ฏ Simple Summary: What Farage Wants
โ
Lower crypto taxes
โ
National Bitcoin reserve
โ
No bank discrimination against crypto users
โ
Accept crypto in politics and maybe taxes
โ
Make UK a true crypto hub
๐ฃ Farage is forcing crypto into the UK political debate.
Now the question is: Will other parties respondโor fall behind?