Controversial UK Party Becomes Nation's First to Reveal Crypto Policy

The United Kingdom's controversial far-right National Liberal Party has published what it describes as the country's first coherent cryptocurrency policy.

On Aug. 24, the NLP wrote a fresh post on its website arguing that the UK's current cryptocurrency policy is a non-policy and that not only the government, but all of the country's leading political parties, have failed to formulate a workable cryptocurrency agenda.

The NLP's policy strikes an alarmist tone, opening with the assertion that "UK Citizens have been defrauded by crypto criminals to the tune of billions" and that fraudulent cryptocurrency schemes continue to target consumers and operate with impunity.

"The Labour Party believes Cryptocurrency is a Ponzi Scheme and would regulate it out of business according to Diane Abbot speaking as Shadow Home Secretary."

"The NLP believes cryptocurrency is here to stay".

The party, the post states, believes cryptocurrency is here to stay and cam offer an alternative to traditional fiat currencies.

As regards criminal misuse of cryptocurrency, the policy argues for vigorous punishment, advocating for similar penalties as for money laundering.

"Victims of cryptocurrency crime and fraud should be compensated from a fund established by the cryptocurrencies and exchanges that do business in the UK. If a voluntary fund cannot be established, a transactional tax should be imposed to fund the initiative."

The FCA's policy of allegedly ignoring the new asset class should be reversed: strong support should be provided for the victims of fraud and the UK should pursue a set of advanced initiatives designed to promote cryptocurrency as well as its self-regulation.

This, the party claims, will "Make the UK a center of legitimate cryptocurrency finance and not the center for crypto crimes that it is today."