Nigel Farage to Halt UK CBDC, Embrace Bitcoin Reserve

Reform UK leader Nigel Farage has announced his intention to halt the UK central bank digital currency (CBDC) project if elected. Farage’s bold statement signifies a shift towards a more decentralized approach, potentially impacting the UK’s cryptocurrency landscape and global investment flows. He proposes implementing a Bitcoin reserve alongside tax reforms, aiming to attract international investors while deterring potential market volatility stemming from centralized currencies.