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The head of the Reform UK political faction, Nigel Farage, declared that the organization is welcoming Bitcoin and other cryptocurrency donations from eligible contributors.
During his address at the Bitcoin 2025 event in Las Vegas on May 29, Farage mentioned that the party had initiated the acceptance of crypto donations. A blog entry from the crypto payments platform Radom stated that Reform would utilize the platform for processing donations, thus becoming the first prominent party to do so amongst the Conservative and Labour parties, which dominate the UK’s House of Commons.
“[A]s of now, we are the initial political party in Britain that can accept contributions in Bitcoin and other cryptocurrencies,” Farage remarked. “We’re significantly trailing you in America, but as of this moment, individuals with Bitcoin can donate to us as long as they’re eligible.”
Farage participated at the Bitcoin conference, sharing his encounters with being debanked in the UK in 2023 and outlining Reform’s intention to introduce a “Cryptoassets and Digital Finance Bill” if the party secures control of the government in the forthcoming general election in the UK, anticipated before August 2029. Reform UK currently holds five seats in the House of Commons following the July 2024 election — a substantial deficit compared to Labour’s 403 seats and the Conservatives’ 120 seats.
Proposals for a UK Bitcoin reserve
Among Farage’s additional suggested policies at the event included the establishment of a Bitcoin (BTC) reserve at the Bank of England and opposing any initiatives to implement a central bank digital currency (CBDC) in the UK. The Reform leader also expressed his approval of US President Donald Trump’s cryptocurrency policies, presenting at the same conference alongside two of his sons and numerous supporters.
“Seven million individuals in Britain possess crypto assets, one in four individuals under 30 have crypto assets,” remarked Farage.
Related: UK FCA solicits public feedback on stablecoin, crypto custody regulations
In May, the UK’s Labour administration suggested regulations positioning the nation as a “safe harbor” for innovations like crypto assets. The proposed structure would require regulators to treat crypto exchanges, dealers, and agents in a manner akin to traditional financial institutions in the UK.
Magazine: Coinbase hack demonstrates that the law likely won’t safeguard you: Here’s why
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