UK bans crypto donations to political parties in bid to curb foreign influence
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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 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 decision was made to prevent foreign influence in the country's democracy. The move may affect the hard-right party Reform UK, which has accepted cryptocurrency donations in the past. The government has also introduced an annual cap of 100,000 pounds on donations from British voters living abroad. The changes aim to strengthen democracy and prevent illicit finance. The decision must be approved by Parliament but will take effect immediately.
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