Keir Starmer to pause crypto donations and cap those from UK voters overseas
UK political parties will be banned from accepting cryptocurrency donations, and donations from UK citizens living abroad will be capped at £100,000 annually. The new rules aim to protect democracy from illicit finance and foreign interference, following a review by former top civil servant Philip Rycroft.
The UK government has announced a ban on political parties accepting donations in cryptocurrencies. Donations from UK citizens living abroad will also be capped at £100,000 annually. The new rules will be applied retrospectively to all cryptocurrency donations received from today. Parties will have 30 days to return any such donations received in the interim, after which criminal penalties will apply. The ban is part of a broader effort to protect democracy from illicit finance and foreign interference. The government will also consider other recommendations from the Rycroft review, including a ban on foreign-funded online political ads and limits on corporate donors.
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