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UK Sanctioned Russian crypto exchange Atomzye Richard Sharp investment

The head of BBC makes a bitcoin investment on a Russian crypto exchange market.

  • BBC Chairman invests in Russian crypto exchange firm founded by Oligarch
  • Atomzye’s vision and mission
  • Hitsory about Richard Sharp
  • Sanctions on the Russian Crypto Exchange

BBC Chairman invests in Russian crypto firm founded by Oligarch

The BBC chairman, Mr. Richard Sharp, is said to have had cryptocurrency stakes in a Russian cryptocurrency firm since 2019.

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The Swiss cryptocurrency corporation Atomzye, which was formed and established by Russian oligarch Vladimir Potanin, was funded by the chairwoman, it turns out after further investigation. According to the sources, Sharp invested in the cryptocurrency exchange Atomzye using the Cayman Islands.

Atomzye’s vision and mission

One of the first cryptocurrency exchange companies, Atomzye is thought to have added the list of digital assets recognised by the nation’s central bank. Atomzye’s primary goal is to modernise the commodities market by creating a platform that will make use of blockchain technology.

The business claims that their solution would link investors with financial services and other products. The main USPs (unique selling propositions) of Atomzye are its ability to transition long-dated contracts, supply-chain flexibility, and new investment market.

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Richard Sharp’s History

In February 2021, Richard Sharp assumed leadership of BBC as its chairman. He has remained to hold the position of chairperson for BBC ever since. Richard Sharp had previously worked as a banker for more than 5 years at JP Morgan. Richard spent almost 25 years working at Goldman Sachs after his time at JP Morgan Chase. Sharp had been the Royal Academy of the Arts’ chairman before he joined BBC.

Sharp may have assets in the authorised cryptocurrency exchange, but it’s thought that Sharp hasn’t been found guilty of any wrongdoing or of breaking any kind of conduct.

Sanctions on Russian Crypto Exchanges

Due to the conflict between Russia and Ukraine, the UK government later sanctioned numerous bitcoin exchanges in Russia. Vladimir Potanin, a Russian oligarch, was also subjected to a number of government penalties, which made it inevitable that his company would be investigated.

Also Read: As The ED Investigates exchanges India’s FM warns crypto investors

Divya Rajput

As I am a Quick learner, enthusiastic and self-driven professional working in the Content and PR domain of personal finance field. Ability to work in competitive environment, good research and time management skills, solution oriented methods.

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