- Reform UK proposes to reduce crypto tax and make Bitcoin payments possible for taxes.
- Bank of England can consider Bitcoin reserves in the midst of the rising British crypto acceptance.
In the midst of renewed momentum caused by the re-entry of Donald Trump to the political arena, Bitcoin [BTC] Adoption gains grip in individuals, settings and even nation states.
Michael Saylor emphasizes the Crypto vision of Bank of England
As an addition to the momentum, Strategy (formerly Micro Strategy) has co-founder Michael Saylor hitch That the Bank of England may be preparing to integrate Bitcoin into its strategic reserves.
He said,
“Bank of England on the Brink … from buying Bitcoin.”
His comments made in response to the reform of the British leader Nigel Farage’s appearance At the Bitcoin 2025 conference in Las Vegas pointed to a possible shift in the central bank strategy of the UK to embrace digital assets.
Nigel Farage had announced at the conference,
“We are going to have a Bitcoin Digital Reserve in the Bank of England and we are going to approve legislation that says that no bank can close your account because you are traded in the legal crypto or digital products.”
For those who are not aware, Reform UK raises his pro-Crypto agenda with a daring legislative proposal, the crypto assets and digital financial account, which aims to reduce the power gain tax on cryptocurrencies from 24% to only 10%.
In a milestone movement, the party has also become the first in the UK that accepts crypto donations, which indicates a progressive attitude towards digital finances.
Nigel Farage on the proposed legislation
During the conference, Farage further emphasized that the proposed legislation would also prohibit banks to ‘debit’ individuals for the performance of crypto-related activities.
“No more debit ladies and gentlemen. So yes, we take it very seriously and you know it is really interesting, I mean that seven million people in Britain have crypto assets.”
Moreover, Reform UK also argues for a more crypto-friendly tax regime, in which not only a reduction in capital gain tax on digital assets proposes, but also the option for citizens to pay taxes in Bitcoin.
This initiative is directly aimed at attracting younger voters and progressive entrepreneurs who see cryptocurrency as an essential part of the financial future.
Party chairman Zia Yusuf showed that such tax reforms could help the outflow of high-quality persons currently migrating to jurisdictions with more favorable crypto-tax policy to jurisdiction.
Responding to Farage’s insights, even Peter Schiff noted”
“Well, they have already sold all their gold at the lows of around $ 250 per ounce. Buying Bitcoin at the highlights would simply strengthen their estate.”
What is more?
Unnecessary to say that the evolving position of the UK in relation to digital assets is further reflected in the recent announcement by Minister of Finance Rachel Reeves to include crypto companies under existing financial regulations.
This shift indicates a movement in the direction of the regulatory coordination with the US, with a distance from the EU approach.
In the meantime, public involvement in crypto is increasing, with about 12% of British adults who own cryptocurrencies such as Bitcoin or Ethereum, a sharp increase of only 4% in 2021.
Therefore, as the worldwide rankings of Chainalysis Place the UK 12th in Crypto -acceptance, the nation seems ready to strengthen his position as a serious competition in the digital economy.