Farage Says UK Falling Behind on Crypto, Needs Rules Soon

Reform UK leader Nigel Farage said the UK must regulate the crypto industry soon to safeguard its position as an international financial hub, doubling down on his support for digital assets.

“This whole area of digital assets and crypto just isn’t being talked about at all. We’ve got no regulated market,” Farage said in a speech at the Digital Asset Summit in London on Monday.

Reform announced a Donald Trump-style foray into cryptocurrency policy in May, unveiling a “Crypto Assets and Digital Finance Bill” that pledged to cut capital gains tax on crypto investments and create a strategic Bitcoin reserve. ...