Nigel Farage, a potential UK Prime Minister candidate, revealed plans to establish a Bitcoin reserve within the Bank of England if elected during the Bitcoin 2025 conference in Las Vegas.
Farage aims to combat 'debanking' by allowing individuals to trade legal crypto without the risk of having their accounts closed, positioning the UK as a leader in the global crypto ecosystem.
He criticized past UK governments for lagging in embracing digital finance and emphasized the need for a crypto revolution to bring the country into the 21st century.
Farage strongly opposes the development of a British CBDC (Central Bank Digital Currency), citing concerns about government control and surveillance over individuals' financial lives.