A Generous Donor Who Looks Like a Whale… Former UK Prime Minister Boris Johnson has received a large donation in cryptocurrencies. It is not the first time for “BoJo”, which has repeatedly shown interest in this type of asset.
Boris Johnson receives a very large donation in cryptocurrencies
This gift is unusual for several reasons. Not only are cryptocurrency donations still rare in politics, but the amount is particularly large. This is an unprecedented figure: the 1 million British pounds (GBP) that these cryptocurrencies are worth so completely eclipse the previous record, at 150,000 GBP.
It was businessman Christopher Carbone who donated this large sum to the former British prime minister. He himself is a shareholder of the company that oversees the Bitfinex exchange platform as well as the stablecoin issuer Tether (USDT).
👉 Read also – The new Prime Minister of the United Kingdom is particularly in favor of cryptocurrencies
The platform that simplifies trading
Buy cryptocurrencies in minutes
“BoJo’s” interest in cryptocurrencies
The links between Christopher Carbone and British politics are not new. The man he has reportedly donated over £15 million to the British Conservative Party. He had been particularly active in the pro-Brexit campaign.
As for Boris Johnson, he has already shown his interest in the sector. He had been compensated more than 250,000 GBP for an intervention in Singaporehosted by blockchain firm ParallelChain Lab. Also, his brother held a consultant position with Binance until last December.
It should be noted, however, that not all countries are in favor cryptocurrency donations for political parties or their members. Last April, Ireland distinguished itself by banning cryptocurrency donations to political entities. The UK’s neighbor thus reported fears of Russian interference, against the background of the war in Ukraine.
👉 Listen to this article and all other cryptocurrency news on Spotify
Cryptoast launches its first collection of NFTs
NFTs associated with a collectible paper diary 🔥
Source: BBC
News 🍞
Receive a roundup of cryptocurrency news every Monday by email 👌
What you need to know about affiliate links. This page features investment related goods, products or services. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused as a result of using a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
MFA recommendations. A high return is not guaranteed, a product with a high return potential carries a high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose some of these savings. Do not invest if you are not ready to lose all or part of your capital.
Read more on our Financials, Media Transparency and Legal Notices pages.
Cryptoast reporter, I fell into the cryptocurrency pot a few years ago. I am passionate about the innovative technologies that come with the blockchain and I like to find the sharpest information to share with you.
Marine Debelloir
2262 items