- Canada’s federal government said it has submitted the Fair Elections Act (Bill C-25) to the House of Commons, which would impose a blanket ban on political donations using crypto assets (cryptocurrencies).
- It said the bill would prohibit political donations made using crypto assets such as Bitcoin (BTC), as well as money orders and prepaid payment instruments, applying across the broader political system.
- It said that if the bill passes, recipients of donations made via prohibited means must return or dispose of them within 30 days; violations would bring administrative fines of up to twice the donation amount, and corporations could be fined up to $100,000.
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