The Conservative Party received a donation of 500,000 from a cryptocurrency businessman and lobbyist ahead of the government unveiling a plan to make the country a “hospitable place for crypto”.
First reported by Financial News, the Electoral Commission site showed that two months before Chancellor Rishi Sunak’s “global cryptoasset technology hub” speech, Christopher Harborne, who has established multiple blockchain-based funds and companies, donated funds to the party.
The government announced its plans to support the growth of the UK cryptoasset industry back in April when Economic Secretary John Glen said: “We think by making this country a hospitable place for crypto, we can attract investment, generates waves of new jobs and create a wave of ground-breaking new products and services.”
The plan included the implementation of stablecoins into the UK economy, as well as the minting of a royal NFT.
The cryptocurrency market has since faced a major downturn, with the value of major...
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