CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$22,951.00
  • ethereum
    ETH$1,578.71
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » BBC Chairman Reportedly Invested in a Crypto Firm Founded by Russian Oligarch

    BBC Chairman Reportedly Invested in a Crypto Firm Founded by Russian Oligarch

    Author: George Georgiev

    Last Updated Aug 16, 2022 @ 07:15

    Richard Sharp – current Chairman of BBC – previously invested in a crypto company founded by a Russian oligarch.

    Richard Sharp, a former banker who is currently serving as the Chairman of BBC since February 2021, has reportedly been using an off-shore company to invest in a cryptocurrency-related business founded by a Russian oligarch.

    Interestingly enough, the oligarch is now sanctioned because of the ongoing war between Russia and Ukraine.

    • According to The Guardian, Sharp used a company registered in the Cayman Islands to invest in a cryptocurrency-related business called Atomyze.
    • Atomyze is established in Switzerland by Vladimir Potanin – a well-known Russian Oligarch.
    • Potanin is also commonly referred to as the Nickel King and is known to have ties to President Vladimir Putin. Notably, he was also one of the oligarchs invited to the Kremlin at the time Russia invaded Ukraine.
    • The BBC Chairman reportedly invested in Atomyze back in 2019 using a company called ABCP GP Ltd., registered in the Cayman Islands.
    • Atomyze is a platform that leverages blockchain-based technology to allow users to trade commodities – more specifically, metals produced by Potanin’s company.
    • At the time, however, Sharp wasn’t serving as the Chairman of the BBC.
    • A spokesperson for Sharp’s investment trust commented on the matter, saying that he had a “longstanding interest in a range of emerging technology” while also saying that, at the time, there were no sanctions imposed on Potanin.
    • Also, Sharp had put his investments in a blind trust which represents an agreement that the funds are managed by a third party to completely avoid any possible conflicts of interest.

    The arrangement was maintained after Sharp became chairman of the BBC.  This blind trust has professionally managed the ABCP GP Ltd and Atomyze Switzerland interest with complete independende from Mr. Sharp and the trust’s sole direction since its establishment.

    At the current time, the blind trust, and therefore Mr. Sharp, have no financial or directorial interests in any business owned and controlled by Mr. Potanin. – added the spokesperson.

    Featured image courtesy of The JC

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • ankr_cover
      Ankr Launches ANKR Token Staking on its Infrastructure Layer
    • saudi-arabia
      Adoption: Saudi Arabian Crypto Investors Doubled Over 6 Months (Survey)
    • federal_reserve
      Crypto Is Not a Priority For Most Private Banks, FED Survey Concludes
    Tags: Blockchain Adoption
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

  • bitcoin
    BTC$22,951.00
  • ethereum
    ETH$1,578.71
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!