The chief of the Reform UK political occasion, Nigel Farage, introduced that the group is accepting Bitcoin and different cryptocurrency contributions from eligible donors.
Talking on the Bitcoin 2025 convention in Las Vegas on Might 29, Farage mentioned the occasion had begun accepting crypto donations. A weblog put up from crypto funds supplier Radom said Reform would use the platform to facilitate donations, making it the primary main group to take action amid the Conservative and Labour events, who maintain many of the seats within the UK’s Home of Commons.
“[A]s of now, we’re the primary political occasion in Britain who can settle for donations in Bitcoin and different cryptocurrencies,” mentioned Farage. “We’re method behind you in America, however as of now, individuals with Bitcoin can provide us cash supplied they’re eligible.”
Farage appeared on the Bitcoin convention, discussing his experiences with being debanked in the UK in 2023 and Reform’s plans to introduce a “Cryptoassets and Digital Finance Invoice” if the occasion wins management of presidency within the subsequent common election within the UK, anticipated earlier than August 2029. Reform UK controls 5 seats within the Home of Commons after the July 2024 election — a big hole between the 403 seats managed by Labour and 120 seats by the Conservatives.
Plans for a UK Bitcoin reserve
Amongst Farage’s different proposed insurance policies on the occasion had been establishing a Bitcoin (BTC) reserve on the Financial institution of England and opposing any plans to introduce a central financial institution digital forex (CBDC) within the UK. The Reform chief additionally signaled help for US President Donald Trump’s crypto insurance policies, showing on the similar convention as two of his sons and plenty of supporters.
“Seven million individuals in Britain have gotten crypto belongings, one in 4 individuals underneath 30 have gotten crypto belongings,” mentioned Farage.
Associated: UK FCA requests public comments on stablecoin, crypto custody regulation
In Might, the UK’s Labour authorities proposed rules positioning the country as a “protected harbor” for innovation like crypto belongings. The proposed framework would have regulators deal with crypto exchanges, sellers, and brokers equally to conventional monetary companies within the UK.
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