Reform UK leader Nigel Farage announced plans to make Britain a global crypto hub if his party wins the next general election. Speaking at a major Bitcoin conference in Las Vegas he unveiled the Crypto Assets and Digital Finance Bill which aims to support digital finance innovation and protect crypto users.

Farage said his government would establish a bitcoin reserve at the Bank of England and pass laws banning banks from closing accounts based on crypto use. He also proposed a low 10 percent capital gains tax on crypto arguing that fair taxes encourage compliance. He strongly opposed the launch of a British central bank digital currency.

The Reform UK leader declared intentions to turn London into one of the world’s top crypto trading centers. With his party gaining traction in recent polls and seeing success in local elections earlier in May Farage’s pro-crypto stance could reshape the UK’s digital finance future ahead of the general election scheduled for 2029.