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UK Lawmakers Push for Crypto Donation Ban Amid Election Transparency Concerns

UK Lawmakers Push for Crypto Donation Ban Amid Election Transparency Concerns

Author:

Global Cryptocurrency

Published:

2026-01-12 10:01:01

20

1

BTCCSquare news:

Seven UK MPs have called for a ban on cryptocurrency donations in political campaigns, citing risks of hidden funding and foreign interference. The demand targets Prime Minister Keir Starmer, urging inclusion in the upcoming elections bill. Reform UK has already embraced crypto donations, raising £9M—setting a contentious precedent.

Critics argue crypto's pseudonymity complicates tracing donation sources, potentially enabling micro-donations below reporting thresholds. With local elections approaching, regulators face mounting pressure to address enforcement gaps. Government officials acknowledge technical challenges in verifying crypto origins but emphasize the need for traceable political finance.

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