Fintech

Former watchdog chair sues Binance, Kraken for £10bn in UK’s first crypto competition claim

Lord David Currie said investors in cryptocurrency BSV lost out because of exchanges delisting the token

The former CMA chair is launching the first claim of its kind in the UK against crypto exchanges
The former CMA chair is launching the first claim of its kind in the UK against crypto exchanges

The former chair of the Competition and Markets Authority has sued four crypto firms including Binance for nearly £10bn over alleged collusion to take a major cryptocurrency off their exchanges.

Lord David Currie, who chaired the CMA from 2014 to 2018, has filed a claim against the crypto giant as well as exchanges Kraken, Bittylicious, and Shapeshift over their delisting of the BSV token.

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