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Canada moves to ban crypto donations in political financing, citing need to block foreign interference

Canada moves to ban crypto donations in political financing, citing need to block foreign interference

  • Canada’s government said it has introduced “Bill C-25” to impose a blanket ban on virtual assets (cryptocurrencies) as political donations.
  • The bill treats virtual assets as a hard-to-trace means of payment and excludes them from political-donation methods; violations could draw administrative fines of up to twice the donation amount.
  • If passed, parties and candidates that receive virtual-asset donations would have to return or dispose of them—or remit proceeds to the treasury—within 30 days, while the fine caps for individuals and organizations would be raised sharply.

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The Canadian government is pushing legislation that would impose a…

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