Nigel Farage Advocates for Improved Digital Asset Regulations
Nigel Farage, the leader of Reform UK, emphasized the urgent need for improved regulations over digital assets in the UK during his address at the Digital Asset Summit 2025 held in London on Monday. Highlighting the absence of a regulated cryptocurrency market in Britain, Farage criticized the current regulatory framework that he described as unsuitable, advocating instead for “sensible regulation” rather than the ineffective rules governing equities and other sectors.
Frustration with Government Inaction
During his speech, Farage expressed his deep frustration with the government’s inaction in this critical area, despite former Prime Minister Rishi Sunak’s previous pledge in 2022 to position the UK as a leading global hub for crypto technology.
“This whole area of digital assets and crypto just isn’t being talked about at all,”
he stated, stressing the necessity for regulatory measures that support the burgeoning industry.
Political Oversight and Future Aspirations
Despite the previous government’s intentions, major political parties failed to address cryptocurrency in their manifestos for the upcoming 2024 elections, a significant oversight according to Conrad Young, co-founder of the UK lobbying firm Athena Technologies.
Farage, who has aligned himself with U.S. political figures like Donald Trump, is advocating for a legislative approach that would benefit crypto investors and innovators in the UK, positioning himself as a potential candidate for future Prime Minister. He declared,
“Whether you like or dislike many of the political positions I’ve taken over the past three decades is frankly irrelevant: When it comes to your industry, when it comes to growth in this industry, then I am your champion.”
Proposals for Tax Reforms and Personal Experiences
In previous statements, such as at the Bitcoin 2025 conference, Farage proposed significant tax reforms for cryptocurrency, including the reduction of capital gains taxes and the establishment of a Bitcoin reserve by the Bank of England.
A well-known figure in British politics for his role in advocating for the UK’s exit from the EU, Farage has gained popularity in recent polls with his calls for crypto regulation. He also shared his personal experience of being “debanked” after Coutts closed his banking account in 2023. This has further fueled his belief that cryptocurrencies can offer solutions to such banking issues.
“I am the most famous case of being debanked in this country. Here is personal sovereignty—you’ve got your own money, you’re in charge,”
he asserted, underlining the significance of adopting cryptocurrency for personal financial independence.
Conclusion
Farage believes that engaging with this evolving landscape is crucial for the UK’s economic future and aims to champion the interests of digital asset stakeholders as he navigates this regulatory landscape.
