Reform UK’s Crypto Policy Plans Announced by Nigel Farage

Nigel Farage, leader of Reform UK, announced at the Bitcoin 2025 Conference in Las Vegas that the party would significantly reduce crypto capital gains tax and establish a Bitcoin reserve in the UK if elected.

Farage’s proposal is aimed at positioning the UK as a global leader in crypto by slashing capital gains tax, which could transform London’s role in the financial sector. The plan has generated optimism among UK crypto users and platforms.

Reform UK, led by Nigel Farage, announced at a Las Vegas conference that if elected, it would reduce the crypto capital gains tax to 10%. The party also aims to establish a Bitcoin reserve at the Bank of England, drawing significant attention.

The announcement was made at the Bitcoin 2025 Conference. Nigel Farage highlighted plans for the UK to become a global hub for Bitcoin trading. Additionally, Reform UK would become the first major political party in Britain to accept Bitcoin donations.

These policy moves are expected to attract more crypto investment to the UK, potentially integrating cryptocurrencies further into the financial landscape. Significant optimism has been observed among UK-based traders and platforms over the policy pledges.

The proposed cut in capital gains tax from the current range of 18%-24% to 10% is a substantial shift aimed at enhancing the UK’s competitiveness. The introduction of a sovereign Bitcoin reserve would be a pioneering move among G7 nations.

While the proposals are ambitious, their implementation depends on electoral outcomes and passage through Parliament. Industry reactions remain mixed, with some expressing skepticism about the feasibility and potential regulatory repercussions.

“We have formulated the Crypto and Digital Bill. [We] will advocate for this and implement it when we secure victory in the general election.” — Nigel Farage, Leader, Reform UK