Key Takeaways
- Farage pledged to create a UK Bitcoin reserve if elected Prime Minister.
- He proposed cutting capital gains tax on Bitcoin from 24% to 10%.
- Reform UK is now the first British political party to accept Bitcoin donations.
At the Bitcoin 2025 Conference in Las Vegas, Reform UK leader Nigel Farage pledged sweeping reforms to integrate Bitcoin into Britain’s financial system.
If elected, he said his party would introduce a…
… Crypto Assets and Digital Finance Bill.
The bill’s purpose would be to establish a Bitcoin reserve at the Bank of England, cutting capital gains tax on Bitcoin from 24% to 10%, and banning banks from debanking customers over legal Bitcoin transactions.
Promising a crypto revolution
Farage promised to make London a global hub for Bitcoin trading.
He declared:
We are going to launch in Britain a crypto revolution.
He cited data showing over 7 million Britons own digital assets, including 25% of those under 30.
Reform UK accepts Bitcoin donations
Reform also became the first UK political party to accept Bitcoin donations.
Farage said:
As of now, people with bitcoin can give us money.
Political standing and vision
Polling from Statista places Reform at 29%, ahead of Labour (22%) and the Conservatives (17%).
Farage said he’s more qualified than “Oxford-educated human rights lawyers” and believes a mandate would give him power to enact major change.
Criticism of current strategies
The UK already holds 61,245 BTC—third among nations after the U.S. and China.
But Farage criticized the lack of strategic vision from major parties and said he wants to end consideration of a central bank digital currency (CBDC), calling it…
… the ultimate form of tyranny.
Addressing debanking concerns
Reflecting on his own “debanking” experience, Farage highlighted the urgency of protecting financial access, saying over 400,000 people were debanked in the UK last year alone.
