Right-wing party Nigel Farage, a British politician and leader of British reform, outlines a comprehensive crypto-friendly plan that positions Britain as a global leader in digital finance if his reform party wins the next election.
Reform leaders spoke at the Bitcoin 2025 conference in Las Vegas, announcing plans to introduce crypto assets and digital financing bills to reshape the country’s stance on cryptocurrencies and blockchain-based innovations.
Farage’s proposal includes several significant policy changes: establishing a national Bitcoin reserve within the Bank of England, reducing capital gains from 24% to 10% in cryptocurrency assets, and enacting legal protections to prevent banks from closing accounts related to digital currency activities.
He stressed the need for updated regulations, believing that neither the labor force nor the conservative government has adapted to the growing cryptocurrency sector. According to Farage, more than 10% of UK citizens already hold digital assets, with those under 30 involved in the space.
Promote reform and sovereignty through encryption
The reform party’s crypto push has been partially affected by wider international trends, including the current U.S. government’s support for digital assets.
Farage made a comparison between slower U.S. and recent moves to provide regulatory clarity and support crypto innovation. He positioned Bitcoin as a tool of financial sovereignty, referring to national independence and personal financial freedom.
Reforms have gained momentum, and now polls are conducted in some aggregated surveys conducted by labor and conservatives, according to recent poll data.
However, there is no general election before August 2029. Farage acknowledged the long road but emphasized the importance of starting a national dialogue. He pointed to his past impact on Brexit, an example of how public debate can change the direction of politics.
The UK currently has about 61,245 BTC in government-managed wallets, ranking it in the United States and China worldwide. Although Farage hopes to expand this reserve, the existing treasury plan does not include such a strategy. At the same time, the UK has gradually established a framework for encryption regulations.
This includes crypto derivatives bans targeting retail investors, financial promotion rules, and consultations on future oversight of stables, equity and custody services.
Crypto Donations and Political Momentum
UK reforms have also become the first party in the UK to accept donations from Bitcoin and other cryptocurrencies, a move that hopes will attract young voters and tech-savvy supporters. He also reiterated his objection to the introduction of the Central Bank Digital Currency (CBDC), saying it was a threat to individual freedom.
Despite his party’s recent success in local elections and interest in traditional financial alternatives, Farage clearly shows that systemic change will require a lot of political support.
He emphasized the party membership for grassroots participation and growth, which is the establishment of what he called the “People’s Army” and the focus is on long-term reform.
Regardless of whether Farage’s proposals have attracted attention or not, crypto-politics speeches could become a more prominent issue in British politics. For now, the stage has been set for a broader debate on how the country can interact with digital financing in the coming years.
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