TechFlow News: On April 14, according to Cointelegraph, the UK’s Liberal Democrats sent a letter to the Financial Conduct Authority (FCA), requesting an investigation into Nigel Farage—the leader of Reform UK—and his ties to the Bitcoin company Stack BTC. The party questioned whether Farage’s appearance in the company’s promotional video, while holding shares in Stack BTC, violates market rules and constitutes a conflict of interest. Stack BTC recently disclosed that it purchased 37 bitcoins—worth approximately $2.7 million—as part of its corporate reserves. Farage holds a 6.31% stake in Stack BTC through his media company. This incident occurs as the UK government advances a proposal to ban cryptocurrency political donations, aiming to prevent external funding from interfering in elections. The FCA stated it will review the letter and respond accordingly.
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