Nigel Farage to Advocate for Crypto Policy at Bitcoin Conference

UK politician Nigel Farage, leader of the Reform Party, will unveil his cryptocurrency policy plan during a Bitcoin conference. This proposal echoes former US President Donald Trump’s approach and aims to attract younger voters in the UK. Farage intends to propose a new ‘Cryptocurrency Bill’ for Parliament if his party secures victory in the next general election. The bill seeks to position the UK as a global leader in cryptocurrencies, driving economic growth through this sector. The proposed legislation includes several significant measures: reducing capital gains tax on crypto investments from 24% to 10%, introducing a two-year regulatory sandbox for innovation, and preventing restrictions on businesses accepting crypto payments, thereby safeguarding consumer rights in utilizing digital currencies.