TechFlow news, October 13 — According to Blockworks, British politician Nigel Farage announced today (October 13, 2025) at the DAS London event that if his Reform UK party enters government, it will pursue deregulation in the cryptocurrency sector. Farage's proposed "Digital Assets and Financial Technology Bill" includes reducing capital gains tax on cryptocurrencies to 10%, establishing a Bitcoin reserve at the Bank of England, and strengthening restrictions on account closures related to legitimate digital asset activities. This initiative aims to revive London’s status as a global financial trading hub amid challenges of slowing UK economic growth and deteriorating government finances. Current polls show Reform UK leading in public support ahead of other parties, including the ruling Labour Party.
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