UK bans crypto donations to political parties in bid to curb foreign influence
The UK has banned political parties from accepting cryptocurrency donations to curb foreign influence. The move, announced by Prime Minister Keir Starmer, aims to protect the country's democracy from outside meddling and will be backdated to take effect immediately.
British political parties are no longer allowed to accept donations in cryptocurrencies. This move is intended to protect the country's democracy from foreign influence. The ban was announced by Prime Minister Keir Starmer, who cited the danger of illicit finance. The hard-right party Reform UK will be affected, as it has accepted cryptocurrency donations in the past. The government has also introduced an annual cap of 100,000 pounds on donations by British voters living abroad. These changes aim to strengthen democracy and prevent foreign interference in politics.
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