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According to Michael Saylor, a co -founder of Strategy, the Bank of England Bitcoin could soon add to its reserves. He made the comment throughout the Bitcoin 2025 in Las Vegas, where Reform UK, Nigel Farage, spoke about his party's recent plan.
According to Farage, reform UK wants the Bank of England a “Bitcoin Digital Reserve”. He also introduced an invoice that reduces the capital gains tax on crypto from 24% to 10%.
Saylor's view of Bitcoin reserves
Saylor described Bitcoin as a “ultimate type of capital”. He said investors should take into consideration moving money from regular currencies and bonds in crypto. His company, strategy, has been buying Bitcoin for years.
Bank of England on the sting … from Bitcoinpic.twitter.com/8mdxj0sz5l
– Michael Saylor (@Saylor) May 30, 2025
Based on reports, US supervisory authorities now allow banks to maintain and act crypto. This makes it more likely that great institutions are committed. If the Bank of England Bitcoin buys, this may mark an amazing shift. Central banks often remain on gold or government bonds. If you even shift a small piece of reserves to Bitcoin, this will change the way in which people take a look at digital coins.
Image: blueberry
Reform UKS KRYPTOPLAN
Reform UK opened up for crypto donations and the primary British party to do that. According to Farage, banks are usually not allowed to shut accounts for individuals who buy or sell crypto.
He proposed to permit taxpayers to pay taxes in Bitcoin. The proposed crypto assets and digital financial laws would determine recent rules to guard crypto users and encourage firms to supply crypto services.
BTC is now at 104,077. Diagram: Tradingview
The chairman of Reform UK, Zia Yusuf, said that the performance of crypto taxes could bring wealthy entrepreneurs back to Great Britain. He identified that many wealthy individuals with lower taxes go to digital assets.
Tax cuts to draw entrepreneurs
According to reform, reform UK plans to cut back the capital gains tax on crypto from 24% to 10%. Yusuf said this alteration could turn the talent flow that leaves the United Kingdom.
If firms see that they’ll keep more profits, they’ll stay here or move here. This may lead to more jobs and more tech start-ups. However, critics warn that taxes could leave a hole in government income. In return, the Ministry of Finance could have to search out money elsewhere or do services.
Selected picture of Unsplash, Diagram from Tradingview
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