Tether · The Guardian Technology
Farage trying to block ‘Britcoin’ gears up that could be costly for billionaire donor
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Nigel Farage has been trying to block a Bank of England cryptocurrency plan that could be costly for the billionaire bankrolling his party.
Key facts
- EU lobbying records say Harborne was registered as a DCGG lobbyist in 2020-21, seeking to influence Brussels’ crypto policy
- If Harborne’s share of the profits is equal to his 12% stake, that would give him about £1bn a year
- Francesca Salierno, formerly an aide to a Ukip MEP, joined Harborne at the Victoria & Albert Museum for the exclusive event in June 2022
- The Reform UK leader has said Christopher Harborne wants nothing in exchange for the millions he has donated to the party and the undeclared £5m personal gift to Farage that the Guardian revealed
Summary
The Reform UK leader has said Christopher Harborne wants nothing in exchange for the millions he has donated to the party and the undeclared £5m personal gift to Farage that the Guardian revealed in April. But Farage used a private meeting at the Bank to urge the governor to drop plans for a state-run alternative to the digital currency that has made his Thailand-based benefactor one of the richest people in the world. Farage’s opposition to the proposal for a “Britcoin” is so strong that, after the meeting last September, he told an audience of crypto enthusiasts he would be “prepared to go to prison” to stop it, footage of the event shows. Harborne’s £25m in donations to Farage’s Reform UK, formerly the Brexit party, account for about two-thirds of its funding.