The leader of the UK Reform Party, Nigel Farage, appeared at the DAS London conference and promised that if his party governs, it will deregulate the cryptocurrency market and create a bitcoin reserve.
Nigel Farage is fighting for the bitcoin electorate
During his speech, Farage recalled that he and his team had tabled a bill in parliament in May Cryptoassets and digital finance. At the same time, he attacked the Conservative Party and the Labor Party for their approach to the cryptocurrency market.
Both the previous and current governments have completely neglected it (the cryptocurrency market), and I want to rebuild it. I want London to become a big shopping center again, including the (cryptocurrency) sector.
– he said at the conference.
The UK Reform Party’s bill assumes reducing the tax on capital gains made on the cryptocurrency market to 10% and creating a bitcoin reserve in the Bank of England.
We need to distribute the tax burden appropriately
– he said about his party’s other plans. He pointed to the “flight of capital, flight of brains” to other countries.
British Confederation?
Farage and his colleagues are trying to promote a party similar to our Polish Confederation. They want tax cuts and economic strengthening of the UK. At least on paper, because we don’t know what their reforms would look like in practice and what results they would bring.
Everything is happening at a time when there is a debate in Great Britain about how to save the English economy. Britain’s two main political parties, the Labor Party and the Conservative Party, are at odds over the country’s economic direction, all at a time of slowing economic growth and deteriorating public finances.
Harder times cause the electorate to look for radical solutions. Recent polls show that the UK Reform Party is doing better and gaining popularity.
However, the issue of regulating the cryptocurrency market is not alien to the politicians who govern the country today. Late last month, British and U.S. officials announced the creation of a new joint task force that aims, among other things, to harmonize regulations on digital assets. In turn, the Governor of the Bank of England, Andrew Bailey, is pushing for the creation of regulations regarding the main stablecoins.
