Reform UK Leader to Propose Cryptocurrency Policy Plan Aiming to Make the UK a Crypto Powerhouse

According to Bloomberg, Nigel Farage, leader of the UK Reform Party, will unveil a Trump-style cryptocurrency policy plan at a Bitcoin conference in Las Vegas this Thursday evening, aiming to attract more support from young British voters.

As per the speech content disclosed in advance by the UK Reform Party, Farage will announce that if the UK Reform Party wins the next UK general election, they will submit a new "Cryptocurrency Bill" to Parliament, with the goal of making the UK a "crypto powerhouse."

The bill includes significantly reducing the capital gains tax on crypto investments from the current 24% to 10%; establishing a two-year regulatory sandbox to aid crypto innovation in the City of London; and stipulating a ban on restrictions against services accepting crypto payments, thereby protecting the rights of consumers using cryptocurrencies.