Nigel Farraj, a British politician and leader of the UK reform, has defined a right -wing political party that is a friend of encryption for the United Kingdom as a global leader in digital financing if the Reform Party wins in the upcoming general elections.
Speaking at the Bitcoin 2025 conference in Las Vegas, the leader of the reform Declare It plans to introduce encryption assets and a draft law for digital finance, with the aim of reshaping the country’s position on cryptocurrencies and Blockchain.
FARAGE’s proposal includes many prominent political changes: the establishment of a national reserve for bitcoin within the Bank of England, which reduced the capital profit tax on encryption assets from 24 % to 10 %, and the enactment of legal protection to prevent banks from closing accounts associated with digital currency activity.
He stressed the need for an updated organization, on the pretext that both workers and conservative governments have failed to adapt to the growing coding sector. According to Farage, more than 10 % of UK citizens are already carrying digital assets, with one in four people under the age of thirty people participating in space.
A batch of reform and sovereignty through encryption
The Al -Islah Party encryption batch is partially affected by the broader international trends, including the current US administration’s embrace of digital assets.
Farage has been based on comparisons between the slow pace of the UK and modern movements in the United States to provide organizational clarity and support for encryption. Bitcoin placed as a tool for financial sovereignty, in reference to both national independence and personal financial freedom.
According to the last poll DataThe reform has gained momentum, and now a survey in front of the Labor Party and the conservatives in some collected investigative studies.
However, the general elections are unexpected before August 2029. Farage admitted the long road forward but stressed the importance of starting a national conversation. He pointed to its previous impact on Britain’s exit from the European Union as an example of how to change the general debate on the political trend.
The United Kingdom is currently He carries Nearly 61,245 BTC is in a government -run governor, which places it in third place in the world behind the United States and China. While Farage wants to expand this reserve, current treasury plans do not include such a strategy. Meanwhile, the United Kingdom is gradually building a framework for encryption regulation.
This includes a ban on encryption derivatives for retailers, financial promotional offers, consultations on future supervision of Stablecoins, Stokeing services, and nursery services.
Political coding and momentum donations
Report UK has also become the first political party in Britain to accept donations in Bitcoin and other encrypted currencies, a Farage’s hope that will attract younger voters and technology supporters. He also repeated his opposition to the entry of a digital currency to the Central Bank (CBDC), describing it as a threat to individual freedom.
Despite the success of his party in the recent local and increasingly appetite elections for traditional financing alternatives, Farage explained that systematic change will require building major political support.
He emphasized the popular participation and the increasing party membership as critical steps towards building what he called the “People’s Army” focusing on the long term reform.
Whether the Faraj proposals are gaining strength or not, speech indications that the cryptocurrency policy can become a more prominent issue in the UK policy. Currently, the stage has been appointed for a broader discussion on how the country participated with digital financing in the coming years.
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