Philip Rycroft, a former senior civil servant, made the recommendation as part of a review into countering foreign financial influence and interference in UK politics.
Rycroft said the moratorium would allow regulators to catch up, although a full ban was not necessary. Nonetheless, “there is a risk that crypto assets are used as a vehicle to channel in foreign money”, he said.
Are UK political parties allowed to receive cryptocurrency donations?
Donations of cryptoassets – such as bitcoin, stablecoins and non-fungible tokens – to political parties are not illegal, although a moratorium will not put this on hold. The Electoral Commission – the UK’s elections watchdog – has warned parties that the same verification procedures…
