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Farage’s crypto fantasies are a risk British taxpayers can’t afford to take

3 0
16.10.2025

LAS VEGAS, NEVADA – MAY 29: Bitcoin Magazine’s Frank Corva and UK Leader of the Reform Party Nigel Farage hold hands as Farage holds up a copy of his proposed Cryptocurrencies and Digital Finance Bill after their talk at The Bitcoin Conference at The Venetian Convention & Expo Center on May 29, 2025 in Las Vegas, Nevada. Farage spoke about the Reform Party’s support of bitcoin and cryptocurrencies in the United Kingdom. (Photo by Ian Maule/Getty Images)

Nigel Farage’s proposed crypto policies — including a £5bn national bitcoin reserve, a flat 10 per cent crypto tax, and rejection of a digital pound — are bold in rhetoric but economically reckless, risking public funds on volatile assets and undermining fiscal stability, says Tim Focas

Nigel Farage has taken to the stage at the Digital Asset Summit in London to unveil a new set of crypto policies that may sound radical, but in financial reality, they hold about as much credibility as a lottery ticket masquerading as a savings account. A £5bn “national bitcoin reserve fund” and a flat 10 per cent tax on crypto gains, not to mention a full-throated rejection of the Bank of England’s central bank digital currency plans, is front and........

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