Nigel Farage, leader of the UK Reform Party, has announced plans to deregulate the UK's cryptocurrency sector if his party gains power. Farage's proposal includes reducing the capital gains tax on cryptocurrencies to 10% and establishing a Bitcoin reserve at the Bank of England. Additionally, he aims to protect accounts involved in legal digital asset activities from being closed. Farage criticized the current Conservative and Labour parties for their handling of financial services, asserting his commitment to revitalize London's status as a global trading hub. His proposals come amid ongoing discussions on crypto regulations, including recent UK-US regulatory coordination and the Bank of England's focus on stablecoin oversight.
UK Reform Party Leader Proposes Crypto Deregulation and Bitcoin Reserve
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