Reform UK leader Nigel Farage is taking a bold step toward establishing the UK as a global crypto leader. During his upcoming appearance at the Bitcoin 2025 conference in Las Vegas, Farage will unveil a draft bill that proposes sweeping changes to the country’s digital asset policy, according to Bloomberg.
Key Proposals in Farage’s Crypto Bill
- Reduce capital gains tax on crypto from 24% to 10%
- Launch a two-year regulatory sandbox for fintech innovation
- Ban discrimination against crypto payment methods
The bill is designed to make the UK a “crypto powerhouse,” appealing to young voters and tech entrepreneurs alike.
Bitcoin as a Symbol of Economic Freedom
Farage, a longtime Bitcoin supporter, ties the growth of crypto adoption to individual liberty. Reform UK noted that over 7 million Britons own crypto—yet none of the mainstream parties have addressed their needs.
“This isn’t just about tech—it’s about freedom, privacy, and economic empowerment,” Farage said in a statement.
Reform’s Stance Diverges from UK Establishment
While the Bank of England has explored a digital pound, it remains cautious about decentralized assets like Bitcoin. In contrast, Reform UK’s proposal encourages adoption and removes red tape that hampers innovation.
Critics Call It a Risky Gamble
Labour leader Keir Starmer criticized the bill, comparing it to the deregulation policies of former Prime Minister Liz Truss. Still, with national polls favoring Reform UK’s rise, the bill could ignite broader policy debate.
UK Falling Behind in Global Crypto Race
Despite London being a hub for blockchain startups, the UK lacks clear and comprehensive crypto laws. Industry experts warn the delay could push talent and investment toward Europe, where MiCA rules are already in effect.
FAQ
How does this compare to EU crypto laws?
The UK bill is faster and more tailored, while the EU’s MiCA provides a comprehensive framework.
What is the impact of banning service discrimination?
It would force businesses to treat crypto like fiat, creating legal and compliance challenges.
Can Farage’s bill shape future policy?
If public and political support grows, other parties may follow suit with their own crypto reforms.
