Overview

• Reform UK will become the first British party to accept donations in cryptocurrencies including Bitcoin, Ethereum, Solana and USDC.
• The proposed Cryptoassets and Digital Finance Bill would cut crypto capital gains tax to 10% and require the Bank of England to hold a sovereign Bitcoin reserve.
• Under the plan, taxpayers could pay bills with Bitcoin and banks would be barred from closing accounts over crypto involvement.
• The package builds on the UK government’s existing £4.7bn Bitcoin holdings and follows draft crypto regulation unveiled by Chancellor Rachel Reeves.
• Financial crime experts warn that the anonymity of digital assets may undermine confidence in donor identities.