TechFlow news, May 30 — According to CoinDesk, Reform UK leader Nigel Farage announced at the Bitcoin 2025 conference that if his party comes into power, it will establish a bitcoin reserve at the Bank of England and introduce the "Digital Assets and Financial Technology Act." This bill would prohibit banks from closing customer accounts due to their involvement in cryptocurrency transactions and impose a 10% capital gains tax on digital assets.
Farage stated he intends to launch a cryptocurrency revolution in the UK, positioning London as one of the world's major trading hubs. Additionally, Reform UK plans to become the first political party in Europe to accept cryptocurrency donations. Notably, the party has recently seen rising support in UK public opinion polls. Farage also expressed opposition to the issuance of a UK central bank digital currency (CBDC).
