THE OBSERVER:
Hard-to trace digital transactions could lead to hostile states or criminal organisations secretly making political donations and threatening democracy
When Elon Musk appeared on huge screens dotted along Whitehall last weekend calling for thousands of attendees at far-right campaigner Tommy Robinson’s Unite the Kingdom rally to “fight back… or die”, the tech billionaire’s image was accompanied by the logos of the event’s sponsors. All but one were cryptocurrencies.
It highlighted the arrival in Britain of a global pattern: the embrace by extreme rightwing movements of decentralised digital currencies.
Athena Bitcoin Global, one of the main sponsors of the event, which saw up to 150,000 people gather in central London, has been accused of profiting from cybercrime in the US.
This month, the attorney general for the District of Columbia (DC) accused the company, which makes bitcoin ATMs that exchange the cryptocurrency for cash and vice versa, of knowingly profiting from scams targeting elderly victims for “life-altering” sums of cash.
In a lawsuit filed against Athena, DC attorney general Brian Schwalb alleged that 93% of the deposits in that district in its first five months were “the product of outright fraud”.
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Catherine Neilan, Whitehall editor;
John Simpson, Home affairs editor | Sunday, September 21, 2025