"The Liberal Democrats have called for the UK financial services regulator to investigate Nigel Farage's promotion of a 2m cryptocurrency purchase, raising concerns about potential market abuse."
"Farage has put 215,000 into the company and owns 6.3% of its shares through his investment vehicle Thorn In The Side Ltd, leading to accusations of self-interest."
"Daisy Cooper stated that this raises real concerns that Nigel Farage could be using the Donald Trump playbook to put his own financial interests above the public good."
The Liberal Democrats have requested an investigation by the Financial Conduct Authority into Nigel Farage's promotion of a £2 million cryptocurrency purchase. Farage, a shareholder in Stack, appeared in a promotional video for the investment. The Lib Dems are concerned about potential market interference or abuse. Farage's spokesman clarified that the investment was made on behalf of Stack, not personally. Labour criticized Farage's involvement as self-serving. Farage has been a proponent of Bitcoin, emphasizing its future role in finance.
Read at www.bbc.com
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