Leader of UK Reform Party Emulates Trump, Proposes Plan to Make UK a Cryptocurrency Hub

BlockBeats News, May 29th. According to Bloomberg, Nigel Farage, the leader of the Reform Party in the UK, will unveil a cryptocurrency policy plan this Thursday evening at a Bitcoin conference in Las Vegas, styled similarly to Donald Trump, in an attempt to attract more support from young British voters.

According to a pre-released excerpt of the speech by the Reform Party, Farage will announce that if the Reform Party wins the next UK general election, they will introduce a new "Cryptocurrency Bill" to Parliament, with the aim of establishing the UK as a "cryptocurrency powerhouse."

The bill's highlights include: a significant reduction of capital gains tax on cryptocurrency investments from the current 24% to 10%; the establishment of a two-year regulatory sandbox to assist the City of London in cryptocurrency innovation; and a provision to prohibit restrictions on services accepting cryptocurrency payments to safeguard the rights of cryptocurrency users.