Nigel Farage has taken a bold step in UK politics by making Reform UK the first major political party in the country to accept cryptocurrency donations.
The announcement was made at the Bitcoin 2025 conference in Las Vegas on May 29, where Farage revealed the party’s new partnership with crypto payments provider Radom.
This move puts Reform UK ahead of both Labour and the Conservatives when it comes to digital finance.
“As of now, we are the first political party in Britain who can accept donations in Bitcoin and other cryptocurrencies,” Farage said.
“We’re way behind you in America, but as of now, people with Bitcoin can give us money provided they’re eligible.”
Crypto Policies on the Agenda
Farage also shared Reform UK’s broader vision for cryptocurrency and digital finance.
If elected, the party plans to introduce a “Cryptoassets and Digital Finance Bill” aimed at supporting innovation and financial freedom.
Farage has long been a vocal opponent of centralized financial control and previously spoke about being debanked in the UK in 2023.
The party currently holds five seats in Parliament, compared to Labour’s 403 and the Conservatives’ 120, following the July 2024 election.
Despite this gap, Reform UK is positioning itself as a disruptor ahead of the next general election, expected before August 2029.
A UK Bitcoin Reserve and Anti-CBDC Stance
One of the more ambitious proposals from Farage is to create a Bitcoin reserve at the Bank of England.
This plan echoes some of the crypto-friendly policies seen in the US, particularly under Donald Trump’s leadership.
Farage also made it clear he is firmly against the introduction of a central bank digital currency (CBDC) in the UK.
“Seven million people in Britain have got crypto assets, one in four people under 30 have got crypto assets,” he said, highlighting the growing role of digital assets in everyday finance.
Labour’s Competing Framework
Meanwhile, the UK’s Labour government is moving forward with its own proposals to regulate the crypto sector.
In May, it introduced a draft framework aimed at creating a “safe harbor” for innovation, which would bring crypto firms under similar oversight as traditional financial institutions.
While Labour’s approach is regulatory in nature, Farage’s Reform UK is focused on enabling freedom and adoption through decentralized finance.
The two visions set the stage for a potential clash in future UK crypto policy, as political momentum around digital assets continues to build.