At the Bitcoin 2025 conference in Las Vegas Nigel Farage, a leading candidate in the upcoming universal elections of Great Britain, announced a plan to establish a Bitcoin reserve at Bank England, if he took office. During the Fireside chat with Frank Corva, on the third day of the event, Farage revealed the groundbreaking details of his vision in Great Britain in the future of cryptocurrency.
Great Britain to establish a Bitcoin reserve led by Farage
“I am excited that I can here today, but by announcing this, and not just words, we put it together – this is exclusive for today – cryptographic assets and a bill for digital finances”, Farage began. “Months of work, ladies and gentlemen, we will be campaigns for this purpose and we will introduce it to the place when we win the next widespread election.”
Farage’s central proposal is to create a Bitcoin reserve at Bank England. “We will have a Bitcoin digital reserve at the Bank of England,” he said. “And we intend to adopt regulations that say that no bank can close your account because you trade cryptographic or digital products.” This initiative would directly deal with the growing problem of “deban” – where people are denied banking services because of their involvement in cryptocurrency. As Farage emphasized: “Never again deban, ladies and gentlemen.”
In his speech, Farage pointed to the stagnation of Great Britain in the scope of embracing the digital financial revolution. “Seven million people in Great Britain have cryptocurrency assets. One in four people under 30 years old has cryptographic assets. And yet our outdated work forces and conservative governments have done nothing in this space.” He created potential reforms as a very needed step to bring Great Britain in the 21st century, positioning the nation as a leader in a global cryptographic ecosystem. “In Great Britain we intend to launch the cryptographic revolution. We intend to make London one of the main shopping centers of the world,” he said.
Farage also thought about a broader international context, especially in the current US attitude on cryptography. “What this administration has done to cover the whole area to give real oxygen and real energy of the whole digital world, is fantastic,” said Farage.
The key point of the Farage platform is his support for domestic and individual sovereignty. By drawing similarities between his campaign for the Brexit potential and Bitcoin’s potential in personal freedom, Farage emphasized his consistent faith in reducing government interference. “Bitcoin is the highest freedom from the great government,” he said, explaining that the growing control of governments and bureaucracy – convened with movements such as the digital currencies of the Central Bank (CBDCS) – was something that can be based.
Farage expressed sturdy opposition to the constant efforts of the Bank of England in favor of developing the British version of CBDC, called “Britcoin”. He described this as “the final form of tyranny”, expressing his fears about government supervision and control over financial life. “When we win the next election, CBDC will be over my dead body,” he said strongly.
The conversation also concerned Farage’s personal experience of “Debanking”, a topic that shaped many of his passion for Bitcoins. Farage, who became a deafening victim of deban, explained how he was refused banking services by ten different banks, only because of his political views and commitment to crypto. “It was a very, very terrifying experience,” Farage admitted. “But I fought. I fought in public and won.”
During the BTC press it traded for USD 106,293.
A highlighted image from YouTube, chart from tradingview.com
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