The Reform UK Leader Nigel Farage has shifted his focus from dominating his political adversaries to appealing to British crypto investors, declaring, “I am your champion”. This move comes as the man tipped to be the UK’s next Prime Minister adopts a similar strategy to President Trump’s in garnering election support from digital asset investors.
In remarks made yesterday (October 13), at the Digital Asset Summit in London, Farage touted his plans to create a state-owned Bitcoin
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reserve and his proposed crypto bill, which would slash the rate of capital gains tax and allow payment of taxes with crypto.
If @Nigel_Farage wins the general election, "we will bring crypto in from the cold" pic.twitter.com/udoA6grCf1
— Digital Asset Summit 2025 (@blockworksDAS) October 13, 2025
Nigel Farage Crypto Plans Include Kybosh on Bank of England’s Digital Currency Plans
“When it comes to your industry, when it comes to growth in this industry, then I am your champion,” he told the conference on Monday. “We will effectively bring crypto in from the cold.”
At the conference, Farage also spoke out against the Bank of England’s central bank digital currency plans. The BoE is exploring whether to create a coin that would essentially act as digital cash, a move Farage said “will be the ultimate authoritarian nightmare”.
He vowed to “stop it overnight” if the Reform Party wins the next general election. He also criticized current Prime Minister Sir Keir Starmer’s controversial digital ID plans, arguing that they would give the government excessive control over individuals. Similarly, Trump has banned the creation of a central bank digital currency in the US.
Farage stated that the Bank of England’s proposed limit on the amount of stablecoins that individuals and companies could hold is “frankly ridiculous.” He mentioned that he had discussed this issue with the Bank of England’s governor, Andrew Bailey.
Appealing to crypto enthusiasts in the UK is likely to see the Reform UK membership surge even further beyond its current 260,000 count. It has already increased greatly in 2025, highlighting the growing strength of the party, and adding the British crypto crowd to its member list will likely see it overtake Labour before the year is out.
(SOURCE: Reform UK)
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Reform Could See the Return of Hundreds of Crypto Firms That Have Fled the UK in the Face of Harsh Regulation
UK regulators are under pressure from crypto advocates to be open to digital assets, as Trump has embraced the sector and the EU has instituted a single regulatory process for crypto, under the MiCA framework.
Hundreds of crypto companies operate or have offices in Britain, from exchanges such as Coinbase, MoonPay, and Kraken to market makers B2C2 and GSR. Although hundreds more have fled the UK in the face of unclear and unfair regulation, relocating to the Middle East, Cyprus, Malta, and even further afield in some cases.
Farage’s wooing of British crypto investors mirrors the approach of Trump, who spoke at a Bitcoin conference ahead of the US election last year, which was a huge success and a pivotal moment in his landmark election win.
Reform UK, which is storming ahead in the polls, is the only major British party that accepts crypto donations, another hint toward the party’s acceptance of a technology that is here to stay.
The next general election is not expected until 2029. Currently, Farage is expected to become the next UK Prime Minister, according to YouGov data, which shows that 27% of individuals polled have Reform as their voting intention, surpassing Labour by 10 percentage points, with just 17% supporting Labour.
(SOURCE: YouGov)
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Nigel Farage Crypto Plans: Reform Crypto Bill Aims to Establish National Bitcoin Reserve
Reform’s crypto bill proposes creating a national BTC reserve fund using the roughly £5bn worth of Bitcoin that the government has seized from criminals.
The party has also proposed setting a flat rate of 10% for capital gains tax on crypto gains, rather than making it dependent on the type of activity and an individual’s income.
In an attempt to reignite innovation, Reform has also proposed a two-year regulatory sandbox. This would see a two-year Blockchain Financial Services Sandbox open to large financial institutions and designated firms, granting temporary relief from selected rules while maintaining core AML/CTF safeguards.
This will give the City of London the opportunity to catapult itself back to being a global leader in finance, fit for the new digital age. Within 90 days of the sandbox ending, regulators must publish findings and propose permanent reforms.
Another key component of Farage’s crypto bill is that it will be illegal for banks and payment providers to deny or withdraw services solely because a customer deals in lawful cryptoassets. The burden of proof will lie with the bank to show any refusal is for legitimate, non-crypto reasons.
This means no bank can de-bank a consumer simply because they wish to own, trade, or transact in crypto. It is a huge problem currently in the UK, with many high street banks outright refusing to sanction deposits and withdrawals to legitimate cryptocurrency exchanges, and in some cases, accounts being closed down due to lawful ties to digital assets.
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The post Nigel Farage Crypto Saviour for the UK: Reform Leader Declares “I am Your Champion” appeared first on 99Bitcoins.
