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Nigel Farage’s Bold Crypto Vision: UK Aims to Rival US with Bitcoin-Friendly Reforms

Nigel Farage’s Bold Crypto Vision: UK Aims to Rival US with Bitcoin-Friendly Reforms

Published:
2025-05-29 16:56:17
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At the Bitcoin 2025 conference, Reform UK leader Nigel Farage unveiled a groundbreaking proposal to position Britain as a global cryptocurrency leader. The plan includes slashing capital gains taxes on digital assets from 24% to 10%, creating a two-year regulatory sandbox in London’s financial district, and banning financial discrimination against crypto users. This Trump-style reform package comes as Bitcoin trades at $106,691.81, signaling a potential new era of crypto adoption in the UK. The ambitious legislation could transform London into a "crypto powerhouse" and attract blockchain innovation away from traditional hubs. With these reforms, the UK government appears to be making a strategic play to dominate the next phase of financial technology evolution, potentially creating favorable conditions for Bitcoin’s continued growth. The proposal mirrors successful crypto policies implemented in other jurisdictions and could significantly impact Bitcoin’s price trajectory if adopted.

Nigel Farage Proposes Trump-Style Crypto Reforms to Position UK as Global Leader

Reform UK leader Nigel Farage unveiled ambitious cryptocurrency legislation at the Bitcoin 2025 conference, aiming to transform Britain into a "crypto powerhouse." The proposal includes slashing capital gains taxes on digital assets from 24% to 10%, establishing a two-year regulatory sandbox in London’s financial district, and prohibiting financial discrimination against crypto users.

The move mirrors Donald Trump’s recent pro-crypto positioning in the US, with Farage framing digital assets as tools for financial sovereignty. "This is about giving power back to individuals," Farage declared, drawing parallels between his proposal and Trump’s outreach to younger voters through crypto advocacy.

Notably, the plan specifically mentions bitcoin (BTC) as a disruptive force against traditional banking systems. The legislation represents Reform UK’s first fully drafted policy bill, signaling the party’s strategic pivot toward tech-savvy demographics ahead of the next general election.

QFSCOIN Cloud Mining Platform Simplifies Bitcoin Mining Amid Market Surge

As Bitcoin surpasses $111,000, QFSCOIN’s cloud mining platform emerges as a solution for both novice and experienced miners seeking accessible entry into cryptocurrency mining. The Minnesota-based company, regulated by the U.S. SEC, eliminates traditional barriers by offering hardware-free mining through rental computing power.

The platform requires only a stable internet connection and mobile device, positioning itself as a democratizing force in an industry often dominated by capital-intensive operations. With mining facilities across North America and Europe, QFSCOIN emphasizes transparency and security while offering tiered contract levels to accommodate diverse investor profiles.

This development comes as retail interest in cryptocurrency mining grows alongside Bitcoin’s price appreciation, though the company stresses its educational materials should not be construed as investment advice.

NYC Mayor Eric Adams Unveils Bitcoin-Backed ‘BitBond’ Plan at BTC 2025 Conference

New York City Mayor Eric Adams announced a groundbreaking initiative to issue Bitcoin-backed municipal bonds, dubbed ’BitBond,’ at the Bitcoin 2025 conference in Las Vegas. The MOVE aims to position NYC as a leader in digital finance and attract crypto businesses back to the city.

Adams revealed plans to leverage the Bitcoin blockchain for birth certificates and enable tax payments in Bitcoin. He also pledged to repeal the controversial BitLicense framework, signaling a shift toward a more crypto-friendly regulatory environment.

The proposed BitBond WOULD mark the first Bitcoin-backed municipal bond offering by a major U.S. city, targeting both institutional and retail crypto investors. ’It’s time for the first time in the history of the city to have a financial instrument made for those who are holders of Bitcoin,’ Adams declared during his keynote address.

Russia’s Regulatory Shift Ignites Bitcoin Adoption Through Bank-Led Crypto Instruments

Russia’s central bank has enacted a pivotal regulatory change, authorizing licensed banks to offer crypto-based financial products exclusively to accredited investors. This decision signals a notable softening of Moscow’s historically rigid stance toward digital assets, building upon earlier proposals to permit wealthy individuals’ crypto investments.

The new framework allows institutions to create derivatives, securities, and other digital financial assets tied to Bitcoin’s value, though actual token transfers remain prohibited. This structured approach provides institutional investors with crypto exposure while maintaining regulatory oversight—a model that could influence other jurisdictions grappling with digital asset integration.

Market activity already reflects the policy’s impact: Q1 2025 saw Russian crypto inflows spike 51% to 7.3 trillion rubles ($81B equivalent). The development creates new arbitrage opportunities as traditional finance and crypto markets converge under regulated channels.

Bitcoin-Friendly Lawmaker Advocates for State Crypto Reserves Amid U.S. Debt Concerns

New Hampshire Representative Keith Ammon (R) carries a U.S. Debt Clock in his pocket—a real-time reminder of the nation’s $37 trillion liability. He argues Bitcoin offers states a hedge against the federal government’s inevitable money-printing to manage unsustainable debt levels.

Ammon spearheaded New Hampshire’s landmark bill authorizing state Bitcoin accumulation, followed closely by Arizona. Texas may soon join. ’The only way out of this debt is currency devaluation,’ he told Decrypt. ’States must act independently to preserve value.’

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