Improvement The UK has promised to cut taxes on cryptocurrency and install a “bitcoin reserve” when selected.
Party President Zia Yusuf told reporters on Friday that an improvement government would reduce capital gains tax on assets such as bitcoin, which can reduce 10% as a part of reforms to control cryptocurrency.
Mr. Yusuf, who does not have a cryptocurrency, suggested that it can produce up to 1 billion for cuts. Shocking In a decade, saying that it would encourage more use of such currency and encourage people to move their property to the UK.
Cryptocurrency currently prevents capital gains tax of 18% or 24%, depending on the income tax rate paid by a person selling assets.
Mr. Yusuf also announced that the reform would allow people to pay taxes in bitcoins and install the UK Reserve Holdings “Bitcoin Reserve Fund” to “diversify”.
He said that Britain was “losing land” to other countries, and that proposals for reform would “help back to bring the financial services sector to be a leader”.
Announcement came as party leader Nigel Faraj Said that the reform will start accepting donations in cryptocurrency.
Speaking at the bitcoin conference in Las Vegas on Thursday, Mr. Faraj said: “My message to the British people, especially my message for young people, is helping us to help us bring our country properly in the 21st century.
“Let’s recognize that Crypto, bitcoin, digital assets, are to live here.”
Mr. Faraj promised that his party forms “a crypto revolution in Britain” London “One of the major trading centers in the world”.
On Friday, Mr. Yusuf said that the reform of reporters had already received his first cryptocurrency donation, saying that they were all in line with the rules of the Election Commission.
Cryptocurrency like bitcoin has increased popularity in recent years, with research about 12% of adults in the UK have been suggested or 2021 is owned by a cryptoset above 4%.
Last month, Chancellor Rahel reeves To make Britain a “world leader”, announced a plan to regulate cryptosets in dialect.
She stated at a conference that she would “return the builders” as she had announced a plan to make Crypto firms subject to regulation in the same way as traditional finance companies.
