Nigel Farage to Propose UK Cryptocurrency Bill in Las Vegas – Coincu

Nigel Farage plans to announce a “Cryptocurrency Bill” aimed at establishing the UK as a “cryptocurrency powerhouse” at a conference in Las Vegas this Thursday.

The proposal seeks to lower capital gains tax, establish a regulatory sandbox, and protect crypto payment rights, potentially altering the UK’s financial landscape.

Nigel Farage’s Proposal: Tax Cuts and Regulatory Sandbox

Nigel Farage, leading the Reform Party, plans to announce a groundbreaking Cryptocurrency Bill during his speech at a Las Vegas Bitcoin conference. The proposal aims to position the UK as a leader in cryptocurrency by introducing significant policy changes. These include lowering capital gains tax on crypto from 24% to 10%, establishing a two-year regulatory sandbox for innovation, and ensuring the acceptance of crypto payments remains unrestricted. The goal is to attract younger voters and crypto enthusiasts.

Immediate implications of the proposed legislation include a more favorable tax environment, encouraging increased investment and trading activities amongst UK residents. The regulatory sandbox is expected to boost innovation by offering a conducive testing ground for blockchain startups and projects in London, fostering a thriving crypto ecosystem.

The crypto community’s response, as seen at the conference, has been notably positive, with enthusiasts and investors anticipating the potential tax benefits and innovation boost. David Bailey, CEO of BTC Inc., remarked, “This is more than a headline moment — it’s a signal. Bitcoin is the most exciting financial innovation in the world. It’s at the forefront of the national conversation.”

Potential Impacts: Innovation Boost and Global Positioning

Did you know? El Salvador’s Bitcoin Law set a precedent, boosting Bitcoin adoption and economic development. This highlights the potential impact of Farage’s UK crypto policy, offering a glimpse into possible growth trajectories.

Data from CoinMarketCap shows Bitcoin (BTC) trading at $107,076.19 with a market cap of $2.13 trillion. The asset saw a 12.85% increase over the past 30 days, despite a 0.71% dip in the last 24 hours as of May 29, 2025.

The Coincu research team suggests that if enacted, Farage’s proposal could align the UK’s crypto regulatory approach with global leaders, fostering a competitive financial environment and potentially attracting substantial investment inflows. The lowered tax rate and sandbox environment are poised to bolster London’s status as a global fintech hub.