Nigel Farage Signals Potential Bitcoin-Friendly Deregulation in UK With Draft Crypto Bill

• Farage pledges a Cryptoassets and Digital Finance Bill with 10% crypto CGT and a BoE Bitcoin reserve.

• Promises include protections against account closures for lawful digital-asset activity and broader deregulation to attract capital and talent.

• Context: a UK–US regulatory task force was announced with a requirement to report back within 180 days; recent polls show Reform UK polling ahead of major parties.

Farage crypto bill: Nigel Farage promises 10% crypto capital gains tax, a BoE Bitcoin reserve and protections against account closures. Read COINOTAG for details.

Published: 13 October 2025. Updated: 13 October 2025. Author: COINOTAG.

What is the Farage crypto bill?

Farage crypto bill refers to Reform UK’s proposed Cryptoassets and Digital Finance Bill, a legislative package that would seek to deregulate the UK crypto sector by cutting crypto capital gains tax to 10%, establishing a Bank of England Bitcoin reserve and preventing account closures for lawful activity. The draft aims to make London a more competitive trading hub for digital assets.

How would the Cryptoassets and Digital Finance Bill change tax, custody and market access?

Under the draft bill, capital gains tax on crypto would be reduced to 10%. The proposal also calls for the Bank of England to hold a Bitcoin reserve and for legal safeguards to stop UK banks and platforms closing accounts solely for lawful crypto transactions. Supporters say the changes would stem capital flight and attract fintech talent. Critics worry about rapid deregulation and potential market risks; official commentary from the Bank of England, and ongoing coordination with UK and U.S. regulators, will shape how any draft evolves into enforceable rules.

Frequently Asked Questions

Will the Farage crypto bill reduce crypto taxes in the UK?

Yes. The draft Cryptoassets and Digital Finance Bill proposes cutting crypto capital gains tax to 10%. Reform UK frames the tax change as a measure to retain investment and skilled workers, though any tax change requires parliamentary approval and further fiscal analysis by HM Treasury and independent fiscal bodies.

How would this plan affect everyday crypto users in the UK?

The bill aims to protect everyday users by limiting account closures for lawful activity and by making digital-asset services more widely available. If enacted, users could see lower tax on gains and potentially broader banking access. Implementation details would determine how custody, consumer protections and AML rules are maintained alongside deregulation.

Key Takeaways

• Policy focus: Reform UK’s draft bill prioritizes deregulation, tax cuts and a BoE Bitcoin reserve to revive London’s trading role.
• Regulatory context: The announcement coincides with a new UK–US task force to harmonize digital-asset rules and a Bank of England push for stablecoin oversight.
• Next steps: The task force will report within 180 days; any bill requires parliamentary debate, cross-party agreement, and coordination with regulators to balance growth and risk.

Conclusion

The proposed Farage crypto bill sets out a clear agenda: lower crypto taxes, institutional recognition for Bitcoin via a Bank of England reserve, and protections against account closures for lawful users. These measures, announced amid shifting UK political dynamics and a new UK–US regulatory task force, aim to reposition London as a global crypto trading center. Watch for parliamentary scrutiny, formal responses from the Bank of England and detailed fiscal analysis; COINOTAG will continue to update this story as official statements and regulator reports emerge.

Sources: Reform UK draft proposals; Bank of England statements; public polling and announcements on the UK–US regulatory task force (no external links provided).