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UK Government Weighs Ban on Crypto Political Donations to Curb Foreign Influence
12/02/2025, 09:36
AI SUMMARY
●UK officials discuss banning crypto donations in upcoming Election Bill
●Measure aims to prevent foreign interference in domestic politics
●Reform Party previously became the first to accept crypto contributions
The UK government is reportedly considering a ban on using cryptocurrencies for political donations, citing concerns over potential foreign interference. Discussions are underway to potentially include this prohibition in the upcoming Election Bill.
This move follows the Reform Party's acceptance of crypto donations, which raised questions about transparency and source verification. The proposed ban aims to safeguard the integrity of the democratic process from untraceable external funding.