"A possible collaboration between Reform UK and the Conservative party had been an important aspect of discussions about donations between Harborne and senior figures including Nigel Farage, sources familiar with the conversations said. The Thailand-based cryptocurrency investor had previously wanted Farage to keep an open mind about a pact between the two parties, the same sources added. This position has changed, however."
"Harborne, a Thailand-based aviation and cryptocurrency investor, previously gave 10m to the Brexit party to fund its 2019 election campaign. A significant part of Harborne's fortune derives from investments in cryptocurrency. One of these bets was on Tether, in which he holds a 12% share. It is now one of the world's most popular stablecoins a type of digital asset pegged to the US dollar."
"Reform has promised to turn the UK into a premier hub for cryptocurrency and to slash capital gains on it to 10% from the basic rate of 18% or the higher rate of 24%. Harborne told the Guardian Farage was correct in saying that he had asked for nothing in return for his donations."
Christopher Harborne, a Thailand-based cryptocurrency investor and ultra-wealthy political donor, has given £12 million to Reform UK. He previously wanted Nigel Farage to keep an open mind about a potential pact between Reform UK and the Conservative Party, but has now reversed this position. Harborne stated he is no longer interested in such collaboration. He also expressed belief that cryptocurrency should be regulated in the UK, contrasting with Farage's advocacy for wider cryptocurrency adoption and Reform's promises to make Britain a premier cryptocurrency hub with reduced capital gains taxes. Harborne previously donated £10 million to the Brexit Party in 2019. His wealth derives significantly from cryptocurrency investments, including a 12% stake in Tether, a major stablecoin, and stakes in related ventures.
Read at www.theguardian.com
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