BitMEX Co-Founder Ben Delo Donates $5 Million to Reform UK Party
BitMEX co-founder donates $5 million to Nigel Farage’s Reform UK party
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Ben Delo, co-founder of the cryptocurrency exchange BitMEX, has donated £4 million (approximately $5.1 million) to Nigel Farage's Reform UK party. This donation comes amid a proposed U.K. government moratorium on political donations made in cryptocurrencies, highlighting ongoing regulatory discussions surrounding digital asset contributions.
- 01Ben Delo's donation to Reform UK amounts to £4 million ($5.1 million).
- 02The U.K. government is considering a moratorium on political donations in cryptocurrencies.
- 03Delo supports the proposed moratorium due to regulatory complexities.
- 04Reform UK has also received a £9 million donation from Christopher Harborne.
- 05Current Electoral Commission guidance allows crypto donations under specific conditions.
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Ben Delo, co-founder of BitMEX, has made a significant donation of £4 million (approximately $5.1 million) to Nigel Farage's Reform UK party. In an opinion piece published in The Telegraph, Delo stated that the donation was made to help establish Reform UK as a credible alternative party. He expressed support for a proposed U.K. government moratorium on political donations in cryptocurrencies, citing the complexities of current regulations. The U.K. Electoral Commission allows crypto donations if they are valued in pounds and donor identities are verified, but the government has announced an immediate moratorium on such donations due to concerns about foreign interference in politics. Delo's contribution follows a previous donation of £9 million made to Reform UK by Christopher Harborne, a notable investor in the crypto space. Farage acknowledged Delo's support on social media, emphasizing the importance of backing for the party.
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The donation could influence political funding dynamics in the U.K., particularly regarding the acceptance and regulation of cryptocurrency contributions.
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