Reform UK leader Farage pledges to deregulate cryptocurrencies

According to Mars Finance, British politician Nigel Farage announced today at a DAS London event that his Reform UK party, if elected to government, would pursue deregulatory policies in the cryptocurrency sector. Farage's proposed "Crypto-Assets and Digital Finance Bill" would reduce capital gains tax on cryptocurrencies to 10%, establish a Bitcoin reserve at the Bank of England, and strengthen restrictions on the closure of accounts based on legitimate digital asset activity. This move aims to revitalize London's position as a global trading hub and address the challenges of slowing economic growth and deteriorating government finances in the UK. Polls currently show Reform UK leading other parties, including the ruling Labour Party.