The leader of the Reform Party of the United Kingdom, Nigel Farage, announced an ambitious plan to create a state reserve fund in bitcoins in the event of victory in the elections. The statement was made on May 29, 2025, at the Bitcoin Conference in Las Vegas.
Farage proposes to mandate the Bank of England to hold $BTC as a digital reserve to position the United Kingdom as a leader in digital assets. Additionally, the party plans to reduce the capital gains tax on cryptocurrencies from 24% to 10% and legally protect cryptocurrency users' bank accounts from restrictions.
These initiatives, according to Farage, aim to transform London into a global center for cryptocurrency trading. The party also accepts donations in bitcoins and $ETH , demonstrating support for the crypto economy. Experts believe that such steps could stimulate investments in digital assets, but raise concerns about the volatility of bitcoin. Critics point to risks for financial stability.
This proposal underscores the growing influence of the Reform Party, which gained popularity after the local elections in 2025. Stay updated on cryptocurrency market news and subscribe to #MiningUpdates
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