Farage Unveils Ambitious Crypto Plan at Bitcoin 2025
At Bitcoin 2025 in Las Vegas, Nigel Farage, leader of the UK’s Reform Party, delivered a fiery keynote promising sweeping crypto legislation if elected UK prime minister in 2029.
Holding up a draft titled “Crypto Assets and Digital Finance Bill,” Farage pledged to “bring crypto and digital assets in from the cold,” outlining a vision that blends lower taxes, sovereign Bitcoin holdings, and resistance to banking discrimination.
Key Provisions of Farage’s Crypto Bill
- Slash capital gains tax on crypto from 24% to 10%
- Mandate the Bank of England to establish a Bitcoin reserve
- Ban ‘debanking’ practices that target crypto users or businesses
Farage cited his own experience being refused service by 10 banks, telling the crowd:
“No wonder so many people are going for Bitcoin—because they can’t close you down. That is the ultimate freedom.”
Reform Party Accepts Crypto Donations
The Reform Party now accepts crypto contributions via its website in BTC, ETH, SOL, and USDC, aligning with a growing trend of political movements embracing decentralized finance.
Farage framed the move as part of a “larger fight for monetary sovereignty.”
“It’s about freedom and control of your own money,” he declared.
A Global Right-Wing Crypto Trend
Farage’s plan joins a chorus of right-leaning politicians in countries like Argentina, El Salvador, and the U.S., who have rallied around crypto as a tool for anti-establishment reform.
This global alignment may signal a political realignment where decentralized finance becomes a wedge issue one tied to freedom, censorship resistance, and privacy.
UK’s Crypto Reporting Rules Loom Ahead
Meanwhile, the UK’s HM Revenue and Customs (HMRC) has confirmed that mandatory crypto transaction reporting will begin January 1, 2026.
All crypto platforms must collect and report:
- Full names, addresses, and tax IDs of users
- Every transaction’s coin type and transfer amount
- Entities involved: individuals, companies, trusts, or charities
Non-compliance may lead to fines up to £300 ($398) per user.
Expert Opinion: “Farage is tapping into a rising undercurrent—crypto as the currency of anti-establishment defiance. If enacted, this proposal would position the UK as a global outlier in sovereign Bitcoin policy,” says Matthew Slater, independent monetary policy analyst.
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