Nigel Farage Proposes 10% UK Crypto Capital Gains Tax

Nigel Farage announced plans for a 10% capital gains tax on crypto and a Bitcoin reserve at the Bitcoin 2025 Conference.

This proposal could position the UK as a leading global crypto hub, attracting international investments.

Nigel Farage Targets 10% Crypto Tax Rate

Nigel Farage, leader of Reform UK, pledged a sweeping crypto tax reform. Farage aims to reduce the capital gains tax on crypto from 18–24% to 10%, as outlined in his extensive proposal Nigel Farage vows to establish BTC reserve and pass pro-crypto legislation once in government.

He has introduced plans to establish a Bitcoin reserve at the Bank of England. This move aims to boost financial inclusion and end debanking over legal crypto activities.

“We are going to launch in Britain a crypto revolution. … We’ve formulated the Crypto Assets and Digital Finance Bill. We’re determined to position London as one of the leading trading hubs globally. We are completely serious about this” — Nigel Farage, Leader, Reform UK.

Crypto-Friendly UK: Impacts and Revenue Expectations

Immediate effects include potential capital influx, positioning the UK as a crypto-friendly destination. It aims to secure £1 billion in revenue over ten years.

The proposal could impact political, financial, and social spheres, creating a competitive tax environment and legal protections for crypto users.

UK Bitcoin Reserve Plan: Global Context and Analysis

This initiative mirrors previous pro-crypto political efforts globally, yet it’s broader with plans for a sovereign Bitcoin reserve.

Outcomes may include increased adoption and investment in digital currencies, advancing the UK’s role in the global crypto economy.