Leader of the UK's Reform Party, Farage, vows to introduce a Crypto Assets and Digital Finance Bill if elected Prime Minister.
Proposed reforms include establishing a Bitcoin digital reserve in the Bank of England, reducing capital gains tax on crypto profits, and providing legal protections for bank account closures related to crypto dealings.
Farage criticizes current political inaction and aims to lead a crypto revolution, citing 7 million Britons holding crypto assets and the need for modernization.
Reform Party eyes a major global crypto trading center in London if they secure power, inspired by the pro-crypto stance of the Trump administration in the US.