Nigel Farage, the leader of Reform UK, has positioned himself as the leading champion of the crypto industry in Britain, unveiling an ambitious pro-crypto agenda at the Digital Asset Summit 2025 in London.
Declaring, “I am your champion,” Farage pledged to transform the UK into a global crypto hub, a move that mirrors Donald Trump’s strategy of courting digital-asset investors in the US. This policy aims to challenge Prime Minister Keir Starmer’s Labor government as Reform UK now leads national opinion polls, potentially securing a majority by the next general election in 2029.
Key Policies in the Cryptoassets and Digital Finance Bill:
Farage’s proposed Cryptoassets and Digital Finance Bill outlines several sweeping policy changes:
- State-Backed Bitcoin Reserve: Establishing a national Bitcoin reserve funded by $6.4 billion (£5 billion) in assets seized from criminals. The extraordinary nature of this pledge sparked immediate speculation about Bitcoin becoming a component of the official UK financial system.
- Tax Cuts: Introducing a 10% flat tax on crypto capital gains, a significant reduction from the current low tax-free allowance.
- Regulatory Overhaul: A commitment to ban account closures for lawful digital-asset activity and a severe reduction in bureaucracy.
- CBDC Ban: A vow to halt the rollout of any Central Bank Digital Currency (CBDC), which Farage called “the ultimate authoritarian nightmare.”
Farage criticized the Bank of England’s “cautious approach” and the current regulatory climate, which groups all digital assets under “speculative risk” and has reduced the tax-free capital gains allowance. He stated, “I want London to be a great trading center again — including crypto.”
The announcement has garnered significant enthusiasm within the crypto community, underscoring the growing political weight of digital-asset policy in the UK’s rapidly shifting political landscape.
October 2025, Cryptoniteuae
