UK Reform Party leader follows Trump’s lead with plan to make UK a cryptocurrency hub
On May 29, Nigel Farage, leader of the UK Reform Party, will unveil a Donald Trump-style cryptocurrency policy plan at the Bitcoin Conference in Las Vegas this Thursday night in an attempt to attract the support of more young British voters, according to Bloomberg.
According to the speech, which was disclosed in advance by the Reform Party of Great Britain (RPGB), Farage will announce a new ‘Cryptocurrency Bill’ to be presented to Parliament with the goal of making the UK a ‘crypto powerhouse’ if the RPGB wins the next UK general election.
The bill would include a significant reduction in capital gains tax on crypto investments from the current 24% to 10%, a two-year regulatory sandbox to help the City of London with crypto innovation, and a provision to protect the rights of consumers using cryptocurrencies by prohibiting restrictions on the acceptance of crypto-payments for related services.