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Reform UK Leader Farage Vows to Push for Decentralization of Cryptocurrency Regulation
Summary: According to Blockworks, British political figure Nigel Farage announced today at a London event that if his Reform UK party enters government, they will implement policies to decentralize regulation in the cryptocurrency sector. Farage's proposed 'Cryptocurrency and Digital Finance Act' includes reducing capital gains tax on cryptocurrency to 10%, establishing a Bitcoin reserve at the ...
According to Blockworks, British political figure Nigel Farage announced today at a London event that if his Reform UK party enters government, they will implement policies to decentralize regulation in the cryptocurrency sector. Farage's proposed 'Cryptocurrency and Digital Finance Act' includes reducing capital gains tax on cryptocurrency to 10%, establishing a Bitcoin reserve at the Bank of England, and strengthening restrictions on account closures for legitimate digital asset activities. This move aims to revive London's status as a global trading hub, addressing challenges of slowing economic growth and deteriorating government finances in the UK. Current polls show that the Reform UK party leads in support over other parties, including the ruling Labour Party.
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Link: Reform UK Leader Farage Vows to Push for Decentralization of Cryptocurrency Regulation [Copy]
