Reform UK to accept donations via bitcoin, Nigel Farage says

https://www.theguardian.com/politics/2025/may/29/reform-uk-to-accept-donations-via-bitcoin-nigel-farage-says

Party leader says he wants UK to be a ‘crypto powerhouse’ during speech at Las Vegas conference

7 points · 13 comments · view on lemmy.world

13 Comments

wewbull@feddit.uk · 18 pts · 1y (4 replies)

Reform open the doorway for anonymous unregulated donations

ohulancutash@feddit.uk · 0 pts · 1y (3 replies)

They aren’t anonymous.

wewbull@feddit.uk · 7 pts · 1y (2 replies)

Really? There's a register of bitcoin wallet IDs to names and addresses?

ohulancutash@feddit.uk · 1 pts · 1y (1 reply)

They’re required to collect details.

cook_pass_babtridge@feddit.uk · 1 pts · 1y

Exchanges are, but anyone can make a working wallet using one of the many free programs available. No real name, no KYC, just a public/private key pair and an address.

sirico@feddit.uk · 18 pts · 1y (1 reply)

Grifter grifts also inb4 he launches Britcoin or Churchill or some other nonsense

Worx@lemmynsfw.com · 8 pts · 1y

Britcoin is a pretty good name, tbf

hellfire103@lemmy.ca · 5 pts · 1y

Trump: UK Edition

Zip2@feddit.uk · 1 pts · 1y
[ removed ]
DMCMNFIBFFF@feddit.uk · 1 pts · 1y

How about gold, silver, or wp:Ethereum?

On 15 September 2022, Ethereum transitioned its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS) in an update known as "The Merge", which cut the blockchain's energy usage by 99%.[10]

ChairmanMeow@programming.dev · 1 pts · 1y (3 replies)

Why did the Guardian even bother to write this article? It isn't really newsworthy imo.

cook_pass_babtridge@feddit.uk · 1 pts · 1y (2 replies)

The largest 3rd party in the country (according to polls) is talking about accepting donations that can't be traced by regulators like the Elections Commission. They've already been associated with a lot of US dark money who would love something like this to get around donation limits. This is definitely newsworthy.

ChairmanMeow@programming.dev · 1 pts · 1y (1 reply)

On Thursday the Reform website was updated to accept cryptocurrency donations. There was a disclaimer stating that all donations were subject to Electoral Commission rules and that anonymous donations were not permissible.

They don't accept anonymous donations. So that doesn't appear to be a concern at least.

cook_pass_babtridge@feddit.uk · 1 pts · 1y

It'll be interesting to see how they enforce that. The Electoral Commission will have quite a time tracing all the Bitcoin transactions that go to that address.