The chief of the Reform UK political get together, 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 stated the get together had begun accepting crypto donations. A weblog put up from crypto funds supplier Radom stated 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 are the first political party in Britain who can accept donations in Bitcoin and other cryptocurrencies,” stated Farage. “We’re way behind you in America, but as of now, people with Bitcoin can give us money provided they’re eligible.”

Farage appeared on the Bitcoin convention, discussing his experiences with being debanked within the UK in 2023 and Reform’s plans to introduce a “Cryptoassets and Digital Finance Bill” if the get together wins management of presidency within the subsequent normal 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 foreign money (CBDC) within the UK. The Reform chief additionally signaled assist for US President Donald Trump’s crypto insurance policies, showing on the similar convention as two of his sons and lots of supporters.

“Seven million people in Britain have got crypto assets, one in four people under 30 have got crypto assets,” stated Farage.

Associated: UK FCA requests public feedback on stablecoin, crypto custody regulation

In Might, the UK’s Labour authorities proposed guidelines positioning the nation as a “safe 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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