Reform UK Becomes First Major European Political Party to Accept Crypto Donations
Reform UK, led by Nigel Farage, will be the first major European political party to accept cryptocurrency donations through Radom, a U.K.-based crypto payments provider with VASP licenses.
Key points include:
- The average crypto donation is $6,000, significantly higher than traditional fiat contributions.
- This initiative follows a trend in the U.S., where Donald Trump received $18 million in crypto donations for the 2024 presidential election.
- Farage aims to establish the U.K. as a "crypto hub" if elected prime minister.
- In 2023, Farage faced banking restrictions, highlighting issues of debanking based on political views.
- Radom's CEO emphasized the importance of clearer regulatory frameworks for industry growth.