Nigel Farage has been reported to the UK’s financial watchdog over his links to billionaire crypto investor and Reform UK donor Christopher Harborne but cryptocurrency is not part of its current remit.
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.
Cryptoassets are not currently within the FCA’s remit for regulation, with a spokesperson telling The i Paper they will not be “fully within our regulatory regime” until October 2027.
Its remit does, however, extend to financial promotions – which would also include cryptocurrency – and Labour has asked for a probe into whether Farage has fallen foul of those rules.
Shorts
