Woofun AI reports that Bank of England Governor Andrew Bailey has formally denied any influence from Nigel Farage regarding the central bank’s central bank digital currency (CBDC) strategy, asserting that all policy decisions were executed independently. This clarification emerges directly from a letter obtained by The Guardian, in which Bailey states the institution is "able to spot" external attempts to sway its regulatory framework.

The correspondence was issued following a direct meeting between Bailey and Farage, where cryptocurrencies were among the discussed topics. Bailey wrote that after the encounter, Farage engaged with the press to outline the range of subjects covered. The governor explicitly confirmed that "no policy changes have taken place as a result of interventions by Mr. Farage," thereby isolating the central bank’s operational autonomy from political lobbying efforts.

Farage, leader of the Reform Party and a prominent Brexit advocate, resigned his parliamentary seat this week amid allegations of accepting "gifts" from individuals linked to the crypto industry. A vocal critic of CBDCs, he previously declared he would "rather go to prison" than accept what he termed a system of financial surveillance. Despite stepping down, Farage maintained his innocence during an X livestream, insisting he has "not broken the law in any way at all."

Per Woofun AI, the National Crime Agency is investigating several transactions involving senior Reform UK figures over suspected money laundering, as reported by The Guardian on Wednesday.

Concurrently, the Bank of England continues its exploration of the proposed "digital pound," which remains in the design phase. Policymakers are currently assessing the asset's role in a digital economy, noting that "no decision has been made on whether to introduce a digital pound" without further analysis and public consultation.

Earlier this year, the central bank initiated a six-month pilot program to test how tokenized assets could be settled using central bank money. Involving 18 companies, this project represents a tangible step toward modernizing the UK’s financial infrastructure. This technical progression underscores the BoE’s focus on structural innovation despite surrounding political turbulence.