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Reform UK starts accepting donations in crypto

  • Reform UK, led by Nigel Farage, started accepting cryptocurrency donations in May 2025, making it the first European party to do so.
  • Following his commitment to enact crypto-supportive reforms, Farage plans to implement a 10% capital gains tax on digital assets and create a government-backed bitcoin fund within the Bank of England.
  • Farage unveiled his proposals during a cryptocurrency event in Las Vegas, stressing the need to prevent banks from cutting off crypto customers and declaring his intention to spearhead a crypto-focused transformation.
  • Research shows about 12% of UK adults have owned cryptoassets, while Chancellor Rachel Reeves recently proposed regulations to make the UK a global crypto leader.
  • Reform UK's acceptance of crypto donations could increase innovation and support but raises concerns over transparency and potential misuse in political funding.
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Britain's hard-right Reform UK to accept crypto donations

Britain's hard-right Reform UK has become the first political party in the country to accept donations through bitcoin and other cryptocurrencies, raising fresh concerns over transparency.

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Bloomberg broke the news in United States on Thursday, May 29, 2025.
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