UK financial watchdog says crypto not yet in its remit to investigate Farage donation links
By
Alexa Phillips
Summary
Nigel Farage has been reported to the UK's Financial Conduct Authority (FCA) over his links to billionaire crypto investor and Reform UK donor Christopher Harborne. The Labour Party is urging the FCA to investigate whether Farage's public advocacy on cryptocurrencies may have benefited Harborne and other donors. However, the FCA has stated that cryptoassets are not currently within its regulatory remit and will not be fully regulated until October. This creates a jurisdictional gap that complicates the investigation request.
Source
bskyUK financial watchdog says crypto not yet in its remit to investigate Farage donation linksinews.co.ukKey quotes
· 3 pulledCryptoassets are not currently within the FCA's remit for regulation
They will not be 'fully within our regulatory regime' until October
The Labour Party has urged the Financial Conduct Authority (FCA) to investigate whether the Reform leader's public advocacy on cryptocurrencies and stablecoins may have benefited Harborne and other donors
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