Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Nigel Farage Vows Pro-Crypto Bill, Bitcoin Reserve If Elected UK PM

by
May 31, 2025
in Crypto News
0
Nigel Farage Vows Pro-Crypto Bill, Bitcoin Reserve If Elected UK PM
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Key Takeaways:

Nigel Farage pledged to pass a pro-crypto bill cutting taxes and creating a Bitcoin reserve if elected UK prime minister. The bill would also ban banks from denying services to crypto users, addressing concerns over “debanking.” The UK plans to enforce mandatory crypto trade reporting from January 2026 to boost tax compliance.

Nigel Farage, leader of Britain’s Reform Party, has thrown his full backing behind cryptocurrency, unveiling an ambitious pro-crypto legislative plan at this year’s Bitcoin 2025 conference in Las Vegas.

Taking the stage on Thursday, Farage promised that if elected prime minister in the UK’s next general election, scheduled for 2029, his government would champion crypto-friendly reforms.

Waving a draft of the proposed “Crypto Assets and Digital Finance Bill,” Farage declared, “We will campaign for this and we will put it in place when we win the next general election… Bring crypto and digital assets in from the cold.”

UK Bill Proposes 10% Crypto Tax

The proposed bill would significantly lower capital gains tax on crypto from the current 24% to 10%, mandate that the Bank of England create a Bitcoin reserve, and prohibit banks from denying services to individuals or businesses based on their crypto-related activities.

The practice of so-called “debanking” has become a flashpoint in both political and crypto circles.

Farage himself has claimed he was denied bank accounts for political reasons, a grievance he leveraged to connect with the conference’s audience.

“I went to 10 banks, all of whom refused me an account,” Farage told the crowd. “No wonder so many people are going for Bitcoin—because they can’t close you down, and that is the ultimate freedom.”

Farage is no stranger to controversy. He previously led UKIP, the driving force behind Brexit, and has long been a polarizing figure in British politics.

The Reform Party, his current platform, has faced its own accusations of racism, which party leaders have denied.

On Thursday, Farage also announced that the Reform Party now accepts crypto donations via its website, supporting Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC).

Let’s get the British economy into the 21st century.

Read Reform UK’s Cryptoassets and Digital Finance Bill.

https://t.co/5QytUV1p1V pic.twitter.com/pfqdAxhHPe

— Nigel Farage MP (@Nigel_Farage) May 30, 2025

The party’s pro-crypto push aligns with a growing global trend among right-wing parties embracing digital assets.

In recent years, politicians in the U.S., El Salvador, and Argentina have advanced similar initiatives, linking crypto’s decentralization ethos with broader anti-establishment narratives.

Farage closed his speech by appealing to the conference audience, framing the Reform Party’s crypto-friendly stance as part of a larger fight for financial freedom.

“It’s about freedom and control of your own money,” he said, “and that’s what we stand for.”

UK to Enforce Mandatory Crypto Trade Reporting

The UK will require crypto firms to collect and report detailed customer information on every trade and transfer starting January 1, 2026, as part of a sweeping effort to strengthen tax compliance and oversight in the digital asset sector.

According to a recent statement from HM Revenue and Customs (HMRC), the new rules will mandate that platforms record full names, home addresses, and tax identification numbers for all users.

Each transaction must also be logged with specifics such as the cryptocurrency used and the amount transferred.

The reporting obligation extends beyond individual users to include companies, trusts, and charities engaged in crypto activity.

Firms that fail to comply or submit inaccurate data may face penalties of up to £300 ($398) per user.

The post Nigel Farage Vows Pro-Crypto Bill, Bitcoin Reserve If Elected UK PM appeared first on Cryptonews.

Previous Post

NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit

Next Post

Solana Price Prediction: SOL Falls to $154.40 With 11.7% Week Decline – Can It Bounce Back to $200?

Next Post
Solana Price Prediction: SOL Falls to $154.40 With 11.7% Week Decline – Can It Bounce Back to $200?

Solana Price Prediction: SOL Falls to $154.40 With 11.7% Week Decline – Can It Bounce Back to $200?

  • Trending
  • Comments
  • Latest
On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

April 28, 2025
Crypto Market Recap: Grayscale Debuts New Bitcoin Product, Tether Announces US Expansion

Crypto Market Recap: Grayscale Debuts New Bitcoin Product, Tether Announces US Expansion

May 1, 2025
Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

May 9, 2025
Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

May 10, 2025
Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

June 1, 2025
Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

June 1, 2025
XRP Price Prediction: Price Hovering Around $2.16 – Is XRP Building the Strength Needed to Break $3?

XRP Price Prediction: Price Hovering Around $2.16 – Is XRP Building the Strength Needed to Break $3?

June 1, 2025
Solana Price Prediction: With SOL at $154.00 and Pressure Building, Is a Breakout Past Key Resistance Levels on the Horizon?

Solana Price Prediction: With SOL at $154.00 and Pressure Building, Is a Breakout Past Key Resistance Levels on the Horizon?

June 1, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

    Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

    June 1, 2025
    Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

    Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

    June 1, 2025
    XRP Price Prediction: Price Hovering Around $2.16 – Is XRP Building the Strength Needed to Break $3?

    XRP Price Prediction: Price Hovering Around $2.16 – Is XRP Building the Strength Needed to Break $3?

    June 1, 2025
    Solana Price Prediction: With SOL at $154.00 and Pressure Building, Is a Breakout Past Key Resistance Levels on the Horizon?

    Solana Price Prediction: With SOL at $154.00 and Pressure Building, Is a Breakout Past Key Resistance Levels on the Horizon?

    June 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved