According to the source, Reform UK leader Nigel Farage said Britain needs better crypto regulation and suggested he is positioned to lead such reform, source: Nigel Farage public remarks referenced in a social media post dated Oct 13, 2025. This statement lands while the FCA already enforces a cryptoasset financial promotions regime and requires anti-money laundering registration for UK crypto firms, source: UK Financial Conduct Authority, cryptoasset financial promotions rules effective Oct 8, 2023 and FCA registration under the Money Laundering Regulations 2017. HM Treasury has also consulted on bringing a broader set of cryptoasset activities into the UK regulatory perimeter, signaling an active policy pipeline relevant to market structure and exchange operations, source: HM Treasury, Future financial services regulatory regime for cryptoassets consultation published Feb 2023.