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UK government bans crypto donations to political parties; violations subject to criminal penalties

UK government bans crypto donations to political parties; violations subject to criminal penalties

  • The UK government said it will impose a blanket ban on cryptocurrency donations to domestic political parties, regardless of amount.
  • If the related bill passes, recipients of cryptocurrency donations must return the full amount within 30 days, and violations will be subject to criminal penalties.
  • The UK government cited the risk of overseas funds and the need to prevent foreign interference in domestic politics, saying regulators view anonymous digital payments as a threat to democracy.

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Photo=Shutterstock
Photo=Shutterstock

The UK has moved to ban cryptocurrency donations to its political establishment.

According to CoinDesk on the 25th (local time), the UK government announced that…

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