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Reform UK Party leader Farage promises to deregulate cryptocurrencies

According to online reports, British politician Nigel Farage announced at the DAS London event today (October 13, 2025) that if the Reform UK Party he led enters the government, it will implement a de-regulatory policy in the field of cryptocurrency. Farage's proposed "Cryptocurrency Assets and Digital Finance Bill" includes reducing the capital gains tax on cryptocurrencies to 10%, establishing a Bitcoin reserve at the Bank of England, and strengthening restrictions on account closures based on legitimate digital asset activities. The move aims to revitalize London's status as a global trading center and address the challenges of slowing UK economic growth and deteriorating government finances. Current polls show that the Reform UK Party leads other political parties, including the ruling Labor Party.

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