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06/01 07:25

Bitcoin: Michael Saylor Claims Bank of England ‘On

Bitcoin: Michael Saylor Claims Bank of England ‘On the Verge’ of Buying BTC

Why is the UK moving to US-style crypto rules and distancing itself from the EU?

Reform UK proposes to cut crypto tax and allow tax payments in Bitcoin.

The Bank of England may consider Bitcoin reserves amid growing crypto adoption in the UK.

Amid renewed momentum generated by Donald Trump’s return to the political stage, Bitcoin [BTC] adoption is gaining momentum among individuals, institutions and even nation states.

Michael Saylor Highlights Bank of England’s Crypto Vision

Adding to this momentum, Strategy (formerly MicroStrategy) co-founder Michael Saylor has hinted that the Bank of England may be preparing to integrate Bitcoin into its strategic reserves. He said:

“The Bank of England is on the verge of… buying Bitcoin.”

  His comments, made in response to Reform UK leader Nigel Farage’s speech at the Bitcoin 2025 conference in Las Vegas, hinted at a possible shift in the UK central bank’s strategy towards embracing digital assets.

At the conference, Nigel Farage announced:

“We’re going to have a digital reserve of Bitcoin at the Bank of England, and we’re going to pass a law that says no bank can close your account because you’re trading legitimate cryptocurrency or digital products.” For those unaware, Reform UK is stepping up its pro-crypto agenda with a bold legislative proposal, the Crypto Assets and Digital Finance Bill, which aims to cut cryptocurrency capital gains tax from 24% to just 10%.

In a landmark move, the party also became the first in the UK to accept cryptocurrency donations, signaling its progressive stance on digital finance.

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