Reform UK Leader to Propose Cryptocurrency Policy Plan Aiming to Make the UK a Crypto Powerhouse
According to Bloomberg, Nigel Farage, leader of the UK Reform Party, will unveil a Trump-style cryptocurrency policy plan at a Bitcoin conference in Las Vegas this Thursday evening, aiming to attract more support from young British voters.
As per the speech content disclosed in advance by the UK Reform Party, Farage will announce that if the UK Reform Party wins the next UK general election, they will submit a new "Cryptocurrency Bill" to Parliament, with the goal of making the UK a "crypto powerhouse."
The bill includes significantly reducing the capital gains tax on crypto investments from the current 24% to 10%; establishing a two-year regulatory sandbox to aid crypto innovation in the City of London; and stipulating a ban on restrictions against services accepting crypto payments, thereby protecting the rights of consumers using cryptocurrencies.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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