Nigel Farage Unveils Crypto Bill to Spur British Innovation

UK political leader Nigel Farage plans to introduce a new cryptocurrency bill in Parliament if his Reform UK party wins the next election. The proposal, expected to be revealed at the Bitcoin conference in Las Vegas later today and officially presented on Friday in London, seeks to transform Britain into a global crypto hub. Key provisions include a reduced capital gains tax rate for cryptocurrencies from 24% to 10%, a two-year regulatory sandbox for crypto firms, and legal protection against banks closing accounts solely due to cryptocurrency usage.