UK Lib Dems Call for Probe Into Farage’s Bitcoin Deal
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UK Liberal Democrats have asked the FCA to probe Nigel Farage’s promotion and participation in a £2M (~$2.7M) Bitcoin purchase tied to crypto firm Stack BTC (linked to ex‑Chancellor Kwasi Kwarteng), citing conflict‑of‑interest concerns. MPs, including Daisy Cooper, warn the case may involve market abuse or improper promotion; Farage’s spokesman calls the £2M buy a “photo call,” raising regulatory, reputational and adoption risks for crypto and industry transparency.
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- UK Liberal Democrats call for probe into Nigel Farage’s Bitcoin deal over conflict concerns.
- Daisy Cooper warns the Farage case may involve market abuse or improper promotion.
- Farage spokesman says £2M Bitcoin buy was a “photo call,” not personal investment.
The UK’s Liberal Democrats want a formal investigation into a Bitcoin deal tied to Nigel Farage, pointing out possible conflicts of interest as crypto and politics get more tangled.
According to reports, the party has asked the FCA (Financial Conduct Authority) to look into Farage’s ties with crypto firm Stack BTC, after he promoted the company and took part in a big, publicized Bitcoin purchase.
Stack BTC is a crypto investment firm tied to ex‑Chancellor Kwasi Kwarteng, and Farage’s link to it is at the heart of the issue. For instance, he was a part of a £2 million (roughly $2.7 million) Bitco…
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