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Canada Moves to Ban Crypto Donations for Election Campaigns Following UK

Canada Moves to Ban Crypto Donations for Election Campaigns Following UK

Canada’s federal government has moved to ban cryptocurrency donations to political campaigns, shutting down a fundraising channel that appears to have seen little to no real-world use in the country’s previous elections.

Bill C-25, the Strong and Free Elections Act, introduced March 26, would prohibit political contributions made in BTC and other cryptoassets, as well as in money orders and prepaid payment products, grouping them as forms of funding that are difficult to trace.

The ban applies broadly across the political system, covering registered parties, riding associations, candidates, leadership and nomination contestants, and third parties engaged in election advertising.

The move comes as U.K. government has also recently announced…

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