Does Nigel Farage Support Crypto?

Nigel Farage has pitched himself as the British crypto sector’s saviour, saying “I am your champion”, as the Reform UK leader tries to emulate President Donald Trump in building election support from digital asset investors.

“When it comes to your industry, when it comes to growth in this industry, then I am your champion,” he told the conference on Monday. “We will effectively bring crypto in from the cold.”

Today, Reform UK delivers a statement of intent - as part of its goal of making the United Kingdom one of the most innovative economies in the world. As Prime Minister, Nigel Farage will enact the Cryptoassets and Digital Finance Bill.

The Bill sets out a bold, post-Brexit roadmap to make the United Kingdom the world’s premier hub for cryptocurrency and blockchain innovation.

Nigel Farage has promised to launch a “crypto revolution” in Britain and bring cryptocurrencies and digital assets “in from the cold” at a bitcoin conference in Las Vegas.

Reflecting on the experience, Farage pledged to protect holders of crypto from being at risk of losing access to traditional financial institutions. “We are going to pass legislation that says that no bank can close your account because you’re trading in legal crypto or digital products,” he said.

Farage has told Financial News that crypto will be an “important” part of his financial services plans as he takes over Reform UK in the run-up to the general election. “Freeing up the UK for crypto is important to me,” Farage told FN. “Our regulations in this area mean that we are falling behind.”