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Reform UK proposes cutting capital gains tax on cryptocurrencies and establishing a "Bitcoin reserve" to boost crypto use.
Reform UK plans to cut capital gains tax on cryptocurrencies to 10% and establish a "Bitcoin reserve" if elected, party chairman Zia Yusaf announced.
This move aims to encourage cryptocurrency use and attract assets to the UK, potentially generating up to £1 billion for the Treasury over a decade.
The party also plans to allow tax payments in Bitcoin and has already begun accepting cryptocurrency donations, compliant with Electoral Commission rules.
Reform UK leader Nigel Farage aims to make London a major crypto trading center.
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Reform UK propone recortar el impuesto a las ganancias de capital sobre las criptomonedas y establecer una "reserva de Bitcoin" para impulsar el uso de criptomonedas.