UK Political Party Becomes First to Accept Bitcoin Donations

Reform UK leader Nigel Farage has thrown his party behind digital assets, unveiling a new crypto-friendly stance during a speech at the Bitcoin 2025 conference in Las Vegas.

He announced that Reform UK will now accept political donations in Bitcoin and other cryptocurrencies, becoming the first major British party to do so.

Using crypto payments provider Radom, the party has opened its doors to digital asset contributions from eligible donors — a move that sets it apart from Labour and the Conservatives, who dominate Parliament but have yet to adopt such policies.

“We’re playing catch-up with America,” said Farage, addressing a crypto-savvy crowd. “But starting today, those with Bitcoin can support us financially — as long as they meet legal requirements.”

Farage also outlined his broader ambitions for crypto in the UK. If Reform were to win control in a future election, the party plans to introduce a “Cryptoassets and Digital Finance Bill” to create regulatory clarity and support innovation. He even proposed building a Bitcoin reserve at the Bank of England and firmly rejected the idea of a central bank digital currency (CBDC).

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Speaking alongside U.S. political figures and allies of Donald Trump, Farage aligned his position with the pro-crypto stance gaining ground in American conservative circles.

Though Reform UK currently holds only five seats in Parliament, compared to Labour’s 403 and the Conservatives’ 120, Farage hopes to tap into a growing demographic: young Britons interested in crypto. He cited data showing one in four people under 30 in the UK own digital assets — around 7 million individuals.

Meanwhile, the ruling Labour government has proposed a new framework to regulate crypto service providers under traditional finance standards, signaling a growing recognition of the sector’s importance but stopping short of Farage’s radical approach.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.