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The UK Liberal Democrats have called for the FCA to investigate whether there is a conflict of interest between Nigel Farage and Stack BTC
According to market news, the UK Liberal Democrats have written to the Financial Conduct Authority (FCA), requesting an investigation into the relationship between Reform UK leader Nigel Farage and the btc-42">Bitcoin company Stack BTC.
The party questions whether Farage's appearance in the company's promotional video, while holding shares in Stack BTC, violates market rules and presents a conflict of interest. Stack BTC recently disclosed that it purchased 37 bitcoins as company reserves, valued at approximately $2.7 million, and Farage holds a 6.31% stake in Stack BTC through his media company. At the same time, the UK government is advancing a proposal to ban political donations in cryptocurrency to prevent external funding from interfering in elections. The FCA stated that it will review the relevant correspondence and respond.
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