Farage has hit out at Digital ID and promised to back crypto at a summit in London today. Speaking on stage at the Blockworks Digital Asset Summit in Old Billingsgate, the Reform leader promised to “bring crypto in from the cold.” After assaults from Labour…
Farage called for “a degree of regulation that gives consumers confidence” and said “over-regulation is a curse.” He also took credit for proposed alterations to the Bank of England’s cap on stablecoins. The BoE is pursing a £10 million cap on business holdings of stablecoins – cryptocurrencies which aim to hold a steady value relative to a designated asset. Farage said he told Andrew Bailey the rules would be too strict at his meeting with the governor last week…
He also hit out at Central Bank Digital Currencies and said they could lead to “mass debanking” of political dissidents. State-controlled crypto…
“CBDCs are the ultimate authoritarian nightmare, and Digital ID is a step towards that agenda. I’d rather go to prison than live in a UK with digital ID.”
Reform is now promising a regulatory “Bing Bang 2.0” for the City. The party is currently rewriting its 2024 economic policy promises to focus on spending cuts prior to tax rises. Following the Tory lead there…
