Farage referred to FCA amid potential probe into £5m donation from crypto-billionaire

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleNigel Farage has been referred to the Financial Conduct Authority (FCA) over claims his advocacy for cryptocurrencies benefits his billionaire backer, Christopher Harbone. Anna Turley, Chair of the Labour Party, wrote to the FCA, urging an investigation into whether Mr Farage is using his public role to benefit those who fund him. Mr Harbone, a Thailand-based crypto investor, has donated millions to Mr Farage and Reform UK, including a record £9m last August and a further £3m this year. The letter highlights Mr Farage's public praise for stablecoins like Tether and his arguments against measures that could limit their growth, including during a private meeting with Bank of England Governor Andrew Bailey. An ongoing investigation by Westminster's standards watchdog is also looking into whether Mr Farage broke Commons rules by not declaring a £5m "gift" from the crypto entrepreneur after his election in 2024. In fullNigel Farage referred to financial regulator over donations from crypto-billionaireThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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