T4K3.news

Reform UK to accept donations via bitcoin

Nigel Farage announces cryptocurrency donations during Las Vegas conference.

May 29, 2025 at 10:44 PM

Reform UK to accept donations via bitcoin, Nigel Farage says

Reform UK embraces cryptocurrency donations as part of its new strategy.

Reform UK introduces bitcoin donations under Nigel Farage

Reform UK, led by Nigel Farage, has announced that it will now accept donations via bitcoin and other cryptocurrencies. During the Bitcoin Conference in Las Vegas, Farage presented the party's plans for a crypto legislation aimed at making the UK a leader in digital assets. This includes reducing capital gains tax on crypto and establishing a bitcoin digital reserve at the Bank of England. Farage criticized past governments for not pursuing a progressive stance on cryptocurrency, emphasizing the need for the UK to adapt to modern financial tools.

Key Takeaways

✔️

Reform UK will accept bitcoin donations, a first for a British political party.

✔️

Farage aims to reduce crypto capital gains tax to foster a crypto-friendly environment.

✔️

Criticism of previous governments highlights a shift towards modern financial policies.

"As of now, we are the first political party in Britain that can accept donations in bitcoin."

This quote from Farage highlights the pioneering status of Reform UK in crypto fundraising.

"My message to the British public is to help us to help you bring our country properly into the 21st century."

Farage emphasizes the importance of adapting to modern financial developments.

This move by Reform UK could significantly change the landscape of political fundraising. By embracing cryptocurrency, the party targets younger voters who are more inclined towards digital currencies and innovative financial practices. It reflects a broader trend among political groups to attract funding through modern methods, but also raises concerns about transparency and regulation in party financing.

Highlights

Reform UK is the first political party in Britain to accept bitcoin donations.
Let's recognize that crypto is here to stay.
This is about bringing our country properly into the 21st century.
America is ahead in the crypto space, but we can catch up.

Concerns over political funding risks

Accepting donations via cryptocurrency may raise issues regarding transparency and accountability in political financing. Critics may question the implications of anonymous donations and the influence of digital currencies in politics.

As Reform UK seeks to lead in cryptocurrency, the implications for political funding remain to be seen.

🏷️

cryptocurrency political funding nigel farage uk politics financial reform politics finance technology

Enjoyed this? Let your friends know!