New Crypto Plan Reforms are driven by politics

Sunday 01 June 2025 15:48

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While UK Leader Reform Nigel Farage was busy seducing Bitcoin fans in Sin City, Las Vegas, Chairman of the Party Zia Yusuf faced a much more glamorous task in selling British media their new crypto plan.

“This is not about turning England into several Alt-Coin scammers,” Yusuf said.

This follows the announcement of the Reformation Party that they invited donations in the form of Cryptocurrency: Bitcoin, Ethereum, and several selected stablecoins.

The party has seen several donations in the form of goods, although rejected to comment on the identity of the donor.

The new reform plan involved capital gain tax deficiency in Crypto from 24 percent to 10 percent, establishing “Sovereign Bitcoin Reserve Funds,” and made HMRC receive tax payments through Crypto.

Cryptonomics Trumpian

Simon French, Economist in Panmure Liberum – which can also be credited with criticism of economic policy reform – said that there are not many economic policies found in the new cryptoasset of reforms and digital financial bills.

“It’s hard to see through the economic lens when politics is clearly a driving force,” France said AM City.

Reform considers a significant demographic and less served in the British-young people who do crypto. “A quarter to 18 to 34 years in this country has used Crypto,” Yusuf said.

“This must be seen through Trump’s lens to gather many voters who are motivated by crypto-in which children aged 18-34 years with exposure will miss the appreciation of assets supported by the state,” added French.

President Donald Trump announced that the US government will make official cryptocurrency reserves: strategic bitcoin reserves and digital asset supplies consisting of other digital currencies.

Trump promised to make the US “Capital Crypto World” and throw its weight behind digital assets.

The Reform Bill follows behind him.

“Whatever your view of President Trump, he is the strongest economic president in the world, and where the United States goes, generally, the world follows,” Yusuf said.

“I don’t think that people must realize the British economic speed abandoned, below – the first – the Tory government, and now the British government.”

Post-banking stress disorders

Reform will not place their weight behind the Central Bank Digital Currency (CBDC) as “it opens the door for … Authoritarianism that crept this that has occurred in financial institutions, has been given through financial institutions,” Yusuf said.

Joseph refers to the provision of controversial individuals – especially, their own Nigel Farage.

Although his rebellion in 2023 caused a large bank head to lose his job, and the new law was introduced in parliament, it seemed that the experience left an unlawful sign at Farage.

The scandal of giving that directly informs the new crypto policy. Joseph said: “Nigel was treated surprisingly by his bank, literally because of his political view … If you are denied and cannot access financial services, it is not a great life. You are effectively not exciting.”

Reformation is concerned that CBDC might be “armed.” The party sees Crypto as a magic bullet to arm itself so as not to be locked from the financial system carried out by an established and rooted institution.

Crypto plan

The inclusion of Crypto as a high profile component of the strategy of political parties was well received in the FIN technology room.

“It is good to see that political parties in the UK see Cryptoasset as an opportunity for British growth.

“This is very important for international competitiveness and growth and is very pleasant to see the consensus across party that develops supports this,” Innovate Finance said.

Other parties have refrained from being too vocal about Crypto, although last month the Ministry of Finance announced a new cryptoasset regulation to protect consumers.

The method proposed by the reform to fill in sovereign reserves is through taxes and the results seized by crime.

Reform also plans to introduce a two -year sand box to get “large and leading companies to invest in the space in an appropriate way,” and to “give them confidence that by doing so, they will not kneel with complete changes in direction.”