British party leader willing to go to jail to stop CBDC

Nigel Farage, leader of the British Reform UK party, which has a high poll rating, has presented several initiatives in support of cryptocurrencies.

He is also categorically opposed to the idea of ​​central bank digital currencies, calling them a “complete and utter nightmare” that is part of the digital ID program.

For several years now, the UK has been studying the possibility of introducing CBDCThe Bank of England and Her Majesty’s Treasury have stated that they have not yet decided on the need for its issuance, but the head of the central bank, Andrew Bailey, is ready to implement these plans.

I would rather go to jail, and I am willing to go to jail to stop the administration CBDC using digital identification,” Farage said.

He also promised to make London a great place again by harnessing the new opportunities offered by cryptocurrencies, while criticising regulators for creating an environment unfavourable to innovation.

If his political party wins the next election in 2029, Farage plans to introduce a bill on crypto-assets and digital finance.

In this case, the Bank of England will create a “digital Bitcoin reserve”, capital gains tax will be reduced from 24% to 10%, and the ban on closing the accounts of customers interacting with cryptocurrency will be lifted.

Finally, Farage, who previously didn’t consider the crypto industry a full-fledged industry, now sees it as “the ultimate freedom of the 21st century: control over your own money, making your own decisions, and independence from an authoritarian government.”