Ban Cryptocurrency Political Donations

The UK government intends to legislate a prohibition on political donations made in cryptocurrency, citing traceability, potential foreign interference, and anonymity risks. The move targets parties (notably Reform UK) that have recently accepted crypto gifts and would require primary legislation since the Electoral Commission guidance is deemed insufficient. — If adopted, it would set a precedent for democracies to regulate payment instruments rather than just donors, affecting campaign law, foreign‑influence risk, and crypto industry political activity worldwide.