When politicians venture into crypto for business, their motive often sparks curiosity and discussion. You have heard of pro-crypto politicians like El Salvador’s Nayib Bukele and US President Donald Trump. Now, turn your face to Nigel Farage, leader of the British populist party Reform UK. After an optimistic remark on crypto at an event last week, Nigel Farage recently told a media agency that his party has started receiving crypto donations, but he did not disclose further details.
Nigel Farage’s crypto-savvy stance
Farage emphasized Reform UK’s innovative move, but denied any claims that he was copying Trump in seeking support from the virtual asset industry. When Donald Trump declared himself a pro-crypto politician, Farage seems to have positioned himself as the “only hope” for crypto businesses in the UK. The Reform UK leader has reportedly been advocating for crypto since 2020, well before Trump’s pro-crypto voices during his May 2024 election campaign.
Reform UK leader is critical of CBDC
Amid the fact that Farage is vocal on cryptocurrencies, which are part of digital assets, his forehead furrows against Central Bank Digital Currency, or CBDC. In short, he opposes CBDCs like the digital pound, describing it as a “total and utter horror.” He also points out that CBDCs can give governments too much control over people’s digital IDs and money.
In May 2025, Reform UK rolled out a Cryptoassets and Digital Finance Bill, which is widely described as a post-Brexit roadmap to transform the UK into a global leader in blockchain technology.
The bill proposes a flat 10% capital gains tax on crypto, a two-year trial regulatory framework for blockchain innovation, a ban on banks unfairly targeting crypto users, a UK Bitcoin Reserve Fund, and more.
As the European Union (EU) formulated its MiCA — Markets in Crypto Assets — a comprehensive regulatory framework, the UK, which was once a part of the EU, is charting its own post-Brexit move with bold crypto policies led by Reform UK, the first major British political party to officially support cryptocurrency alongside others raising crypto-friendly concerns.
