Latest news with #CryptoAssetsandDigitalFinanceBill
ITV News
2 days ago
- Business
- ITV News
Reform to accept donations in Bitcoin, Farage says
Reform UK are now accepting donations in Bitcoin and other cryptocurrencies, Nigel Farage has announced. The party leader told the Bitcoin Conference in Las Vegas he would 'launch in Britain a crypto revolution' and make London 'one of the major trading centres of the world'. The plans are part of Reform's Crypto Assets and Digital Finance Bill, which they would put into effect if they won the next general election. From Westminster to Washington DC - our political experts are across all the latest key talking points. Listen to the latest episode below... Farage told the conference: 'As of now, provided you are an eligible UK donor (…) we are the first political party in Britain that can accept donations in Bitcoin and other cryptocurrencies.' 'Once again, we're being innovative,' he added. On the Reform UK website on Thursday evening, it was possible to make a donation using cryptocurrency. There was also a disclaimer stating that all donations are subject to Electoral Commission rules and that anonymous donations are not permissible. Farage said: 'My message to the British public, my message particularly to young people, is help us to help you bring our country properly into the 21st century. 'Let's recognise that crypto, Bitcoin, digital assets, are here to stay.' Announcing the crypto legislation that his party have drawn up, he also said 'we're going to have a Bitcoin digital reserve in the Bank of England'. In a video posted on his X account, Farage said: "America is leading the way in crypto and digital assets - what's happening in the UK? Nothing. "The Labour and Conservative parties don't even understand it, yet there are seven million British people that own crypto," he said. Cryptocurrencies such as Bitcoin have increased in popularity in recent years, with research suggesting around 12% of adults in the UK own or have owned cryptoassets, up from 4% in 2021. Last month, Chancellor Rachel Reeves announced plans to regulate cryptoassets in a bid to make the UK a 'world leader'. She told a fintech conference that she would back the builders as she announced plans to make crypto firms subject to regulation in the same way as traditional finance companies.
Yahoo
3 days ago
- Business
- Yahoo
Nigel Farage Vows to Establish BTC Reserve and Pass Pro-Crypto Legislation Once in Government
Reform UK leader Nigel Farage promised today to pass crypto-friendly legislation and establish a bitcoin BTC reserve at the Bank of England if he comes into government. 'We have put together… the Crypto Assets and Digital Finance Bill. We will campaign for this, and we will put it in place when we win in the general election,' Farage said on stage at the Bitcoin conference in Las Vegas. 'We are going to launch, in Britain, a crypto revolution. We're going to make London one of the major trading centers of the world. We're deadly serious,' Farage added. The legislation will prohibit banks from debanking customers for interacting with crypto, Farage stated. He also talked about implementing a capital gains tax of 10% of crypto assets, arguing that 'If taxes are reasonable, people will pay them.' He argued against the implementation of a British central bank digital currency (CBDC) as well. Reform UK has been ascendant in British polls recently; the party also performed well in local elections earlier in May. The next general election, however, is currently slated for August 2029. The party announced on Thursday that it would become the first European political party to accept crypto donations. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Powys County Times
3 days ago
- Business
- Powys County Times
Reform now accepting donations in Bitcoin, says Farage
Reform UK are now accepting donations in Bitcoin and other cryptocurrencies, Nigel Farage has announced. The Reform UK leader also said that his party had drawn up a Crypto Assets and Digital Finance Bill, which they would put into effect if they won the next general election. Speaking at the Bitcoin Conference in Las Vegas on Thursday, Mr Farage said: 'As of now, provided you are an eligible UK donor (…) we are the first political party in Britain that can accept donations in Bitcoin and other cryptocurrencies.' 'Once again, we're being innovative,' he added. On the Reform UK website on Thursday evening, it was possible to make a donation using cryptocurrency. There was also a disclaimer stating that all donations are subject to Electoral Commission rules and that anonymous donations are not permissible. Mr Farage said: 'My message to the British public, my message particularly to young people, is help us to help you bring our country properly into the 21st century. 'Let's recognise that crypto, Bitcoin, digital assets, are here to stay.' Speaking at the American event, Mr Farage pledged that his party would 'launch in Britain a crypto revolution' and make London 'one of the major trading centres of the world'. Announcing the crypto legislation that his party have drawn up, he also said 'we're going to have a Bitcoin digital reserve in the Bank of England'. Cryptocurrencies such as Bitcoin have increased in popularity in recent years, with research suggesting around 12% of adults in the UK own or have owned cryptoassets, up from 4% in 2021. Last month, Chancellor Rachel Reeves announced plans to regulate cryptoassets in a bid to make the UK a 'world leader'.
Glasgow Times
3 days ago
- Business
- Glasgow Times
Reform now accepting donations in Bitcoin, says Farage
The Reform UK leader also said that his party had drawn up a Crypto Assets and Digital Finance Bill, which they would put into effect if they won the next general election. Speaking at the Bitcoin Conference in Las Vegas on Thursday, Mr Farage said: 'As of now, provided you are an eligible UK donor (…) we are the first political party in Britain that can accept donations in Bitcoin and other cryptocurrencies.' 'Once again, we're being innovative,' he added. On the Reform UK website on Thursday evening, it was possible to make a donation using cryptocurrency. There was also a disclaimer stating that all donations are subject to Electoral Commission rules and that anonymous donations are not permissible. Mr Farage said: 'My message to the British public, my message particularly to young people, is help us to help you bring our country properly into the 21st century. 'Let's recognise that crypto, Bitcoin, digital assets, are here to stay.' Speaking at the American event, Mr Farage pledged that his party would 'launch in Britain a crypto revolution' and make London 'one of the major trading centres of the world'. Announcing the crypto legislation that his party have drawn up, he also said 'we're going to have a Bitcoin digital reserve in the Bank of England'. Cryptocurrencies such as Bitcoin have increased in popularity in recent years, with research suggesting around 12% of adults in the UK own or have owned cryptoassets, up from 4% in 2021. Last month, Chancellor Rachel Reeves announced plans to regulate cryptoassets in a bid to make the UK a 'world leader'. She told a fintech conference that she would back the builders as she announced plans to make crypto firms subject to regulation in the same way as traditional finance companies.
South Wales Guardian
3 days ago
- Business
- South Wales Guardian
Reform now accepting donations in Bitcoin, says Farage
The Reform UK leader also said that his party had drawn up a Crypto Assets and Digital Finance Bill, which they would put into effect if they won the next general election. Speaking at the Bitcoin Conference in Las Vegas on Thursday, Mr Farage said: 'As of now, provided you are an eligible UK donor (…) we are the first political party in Britain that can accept donations in Bitcoin and other cryptocurrencies.' 'Once again, we're being innovative,' he added. On the Reform UK website on Thursday evening, it was possible to make a donation using cryptocurrency. There was also a disclaimer stating that all donations are subject to Electoral Commission rules and that anonymous donations are not permissible. Mr Farage said: 'My message to the British public, my message particularly to young people, is help us to help you bring our country properly into the 21st century. 'Let's recognise that crypto, Bitcoin, digital assets, are here to stay.' Speaking at the American event, Mr Farage pledged that his party would 'launch in Britain a crypto revolution' and make London 'one of the major trading centres of the world'. Announcing the crypto legislation that his party have drawn up, he also said 'we're going to have a Bitcoin digital reserve in the Bank of England'. Cryptocurrencies such as Bitcoin have increased in popularity in recent years, with research suggesting around 12% of adults in the UK own or have owned cryptoassets, up from 4% in 2021. Last month, Chancellor Rachel Reeves announced plans to regulate cryptoassets in a bid to make the UK a 'world leader'. She told a fintech conference that she would back the builders as she announced plans to make crypto firms subject to regulation in the same way as traditional finance companies.
