Farage Proposes Bitcoin Reserve, Crypto Tax Cuts in UK

Nigel Farage, leader of Reform UK, announced proposals to reduce the UK's crypto capital gains tax to 10% and establish a national bitcoin reserve at the Bank of England during his address at DAS London 2025.

Farage's proposal targets making the UK a prominent bitcoin holder, potentially benefiting BTC markets. It also echoes international moves towards favorable crypto policies.

Nigel Farage, known for his notable roles in Brexit and UKIP, is spearheading crypto-friendly reform under Reform UK. At DAS London 2025, he emphasized bringing crypto "in from the cold" by advocating for lower capital gains tax and a bitcoin reserve.

Nigel Farage, Leader, Reform UK, "Our proposal to cut capital gains tax on crypto to 10% will unlock tremendous potential for innovation and investment in the UK." - TradingView

Farage aims to cut the UK's crypto capital gains tax to 10% and propose a £5 billion bitcoin reserve. No immediate statements from major crypto leaders or UK regulators confirm support. The proposal sets new precedents in the UK's regulatory landscape, resembling El Salvador's global initiatives.

If enacted, the proposal may impact the BTC market, with potential pressure on buying or supply, yet its success depends on Reform UK's future authority.

Without current direct on-chain data, the proposal's realization remains politically contingent. Historical parallels suggest potential benefits to the broader digital asset ecosystem.

Farage's proposed changes introduce no explicit funding or institutional agreements as of now. The Reform UK's government role would be crucial for these plans' implementation.

Past political trends indicate possible increased investor activity with political endorsements, potentially benefitting exchanges and DeFi platforms. Nigel Farage offers new crypto insights, advocating deregulation that could echo global market shifts provided potential legislative success.