Overview

• Reform UK has partnered with Radom to accept Bitcoin and other cryptocurrency donations, becoming the first European political party to do so.
• Nigel Farage unveiled the Crypto Assets and Digital Finance Bill at the Bitcoin Conference in Las Vegas and committed to introduce it if Reform wins the next general election.
• The legislation calls for a reduced 10% capital gains tax on crypto assets, down from the current 24%, to encourage onshoring and greater compliance.
• Key provisions include creating a Bitcoin digital reserve at the Bank of England and outlawing bank account closures solely for lawful crypto transactions.
• The bill also features a two-year Financial Services Sandbox for blockchain firms to develop new products under tailored regulatory safeguards.