A crypto investor donated a brutal amount to Nigel Farage’s party

A famous cryptocurrency investor donated HUF 4 billion to Nigel Farage’s party, which played a key role in Brexit. The donation, the largest donation ever received from an individual, is almost five times what the Labor Party has received in total.

A billionaire businessman is behind the massive political donation

Christopher Harbornebusinessman and cryptocurrency investor with a record £9 million (approx HUF 4 billion) extended the fundraising of the British political party Reform UK. It is the largest donation ever made to a British party.

Donations published by the Electoral Commission for the third quarter mean Nigel Farage’s Reform UK party raised more than £10 million in the period. This is twice as much as the Conservatives and almost five times as much as the Labor Party could muster.

The huge tailwind disrupted the spirit of activists fighting for transparencywho fear attempts at influence by large capitalists and influential wealthy donors and dependence on British parties. That is why they demand regulation of party financing and a review of the type of donation.

In the United Kingdom it is not unprecedented for businessmen to support parties with enormous sums of money. More than 1,400 donors this year alone donateda total of approximately £37 million. The average amount was £26,000, so Harborne’s support was responsible for almost 25% of the total annual donation.

Reform UK promises a crypto-friendly turn

Nigel Farage and his party are increasingly pursuing the crypto community. Reform UK has become the first major British party to accept donations from digital assets and has floated the idea of ​​creating a national bitcoin reserve.

“I am the champion in your industry.”

– stated Farage, who is also active in populist campaigns, in London, and then outlined the main points of the bill.

According to experts, the reality is not so rosythe adoption of reforms may face many obstacles. Nevertheless, the British are moving step by step towards the widespread adoption of cryptos. Recently, a landmark regulatory decision was made, according to which cryptocurrencies are officially a form of personal property. At the same time, the idea of ​​a crypto reserve was rejected.