At the Bitcoin 2025 conference in Las Vegas, Nigel Farage, the leading candidate in the UK’s upcoming general election, announced a plan to establish a Bitcoin reserve within the Bank of England if he assumes office. During a fireside chat with Frank Corva on the event’s third day, Farage revealed groundbreaking details of his vision for the UK’s cryptocurrency future.
UK To Establish A Bitcoin Reserve Under Farage’s Lead
“I’m thrilled to be here today but to announce that rather than just words, we have put together—this is exclusive for today—the crypto assets and digital finance bill,” Farage began. “Months of work, ladies and gentlemen, we will campaign for this and we’ll put it in place when we win the next general election.”
Central to Farage’s proposal is the creation of a Bitcoin reserve in the Bank of England. “We are going to have a Bitcoin digital reserve in the Bank of England,” he declared. “And 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.” This initiative would directly address the growing concern of “debanking”—where individuals are denied banking services due to their involvement with cryptocurrency. As Farage emphasized, “No more debanking, ladies and gentlemen.”
In his speech, Farage pointed to the UK’s stagnation in embracing the digital financial revolution. “Seven million people in Britain have got crypto assets. One in four people under 30 have got crypto assets. And yet, our outdated Labour and Conservative governments have done nothing in this space at all.” He framed the potential reforms as a much-needed step to bring the UK into the 21st century, positioning the nation as a leader in the global crypto ecosystem. “We are going to launch, in Britain, a crypto revolution. We’re going to make London one of the major trading centers of the world,” he asserted.
Farage also reflected on the broader international context, particularly the United States’ current stance on crypto. “What this administration has done to embrace this whole area, to give real oxygen and real energy to the whole digital world is nothing short of fantastic,” Farage noted.
A key point of Farage’s platform is his advocacy for national and individual sovereignty. Drawing parallels between his campaign for Brexit and Bitcoin’s potential for personal freedom, Farage highlighted his consistent belief in reducing governmental interference. “Bitcoin is the ultimate freedom from big government,” he stated, explaining that the growing control of governments and bureaucracies—evidenced by movements like the push for Central Bank Digital Currencies (CBDCs)—was something to resist.
Farage expressed strong opposition to the Bank of England’s ongoing efforts to develop a British version of a CBDC, dubbed “Britcoin.” He described it as “the ultimate form of tyranny,” voicing his concerns about government surveillance and control over individuals’ financial lives. “When we win the next election, there’ll be a CBDC over my dead body,” he declared firmly.
The conversation also touched on Farage’s personal experience with “debanking,” a topic that has shaped much of his passion for Bitcoin. Farage, who became a high-profile victim of debanking, explained how he was denied banking services by ten different banks, solely due to his political views and involvement in crypto. “It was a very, very scary experience,” Farage admitted. “But I fought back. I fought back publicly, and I won.”
At press time, BTC traded at $106,293.
Featured image from YouTube, chart from TradingView.com
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