Catenaa, Friday, June 06, 2025-Reform UK, led by Nigel Farage, has unveiled a sweeping crypto proposal aimed at slashing capital gains taxes on digital assets and establishing a sovereign Bitcoin reserve -a bold pitch as the party gains traction in national polls.
The “Cryptoassets and Digital Finance Bill” includes tax incentives for investors and protections against so-called “debanking” by financial institutions.
It also proposes allowing tax payments in Bitcoin and directing the funds into a national reserve, marking the UK’s first formal push for a crypto treasury.
Farage revealed the plan via a promotional video at the Bitcoin 2025 conference in Las Vegas, criticizing Britain’s major parties for ignoring digital finance.
The right-wing leader said his proposal responds to the nation’s 7 million crypto users and capitalizes on post-Brexit freedoms.
Reform claims to be the first British party to accept political donations in Bitcoin and Ether.
Critics, however, question the practicality and cost of Farage’s broader economic platform, which includes raising the personal income tax threshold to £20,000 -a move analysts say could cost £80 billion.
While the UK government currently holds over 61,000 BTC, Labour has dismissed the idea of formalizing a Bitcoin reserve, citing volatility.
Despite strong local election gains this month, Reform faces electoral hurdles under the UK’s “first past the post” system.
