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Bitcoin

UK party reform to accept encryption donations

The UK’s Political Party leader, Nigel Faraj, announced that the group accepts Bitcoin and other contributions of the encoded currency from qualified donors.

Speaking at the Bitcoin 2025 conference in Las Vegas on May 29, Faraj said the party began accepting encryption donations. A blog post from Radom encoding provider He said Reform will use the platform to facilitate donations, making it the first major group to do so among the Conservative and Labor Party parties, which occupy most of the seats in the House of Commons in the United Kingdom.

“[A]”We are the first political party in Britain to accept donations in Bitcoin and other cryptocurrencies,” said Farraj.

Current currencies, politics, donations, UK government, UK
UK Commander Reform Nigel Faraj (right) speaks in Bitcoin 2025. Source: Cointelegraph

Farage appeared at the Bitcoin Conference, and discussed his experiences by not entering into the United Kingdom in 2023, and plans to reform to enter “a draft law on encryption and digital financing article” if the party wins the government in the upcoming general elections in the United Kingdom, and it is expected before August 2029. Conservatives.

Plans of Bitcoin Reserve in the United Kingdom

Among the other Farage policies proposed at this event, the Bitcoin (BTC) reserves were created in the Bank of England and opposed any plans to provide a digital currency to the Central Bank (CBDC) in the United Kingdom. The reform leader also pointed to the support of encryption policies in US President Donald Trump, as he appeared at the same conference as two of his sons and many supporters.

“Seven million people in Britain have received encryption origins, and one in four people under the age of 30 have received encrypted origins,” Faraj said.

Related to: UK FCA requires general comments on Stablecoin, coding nursery list

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In May, the UK’s action government suggested the rules of the country as a “safe port” for innovation like encryption assets. The proposed framework will address the regulators to exchange encryption, merchants and agents similar to traditional financial companies in the United Kingdom.

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