Crypto donations to UK parties to be banned

6 hours ago

UK political parties will be banned from accepting cryptocurrency donations.
Donations from British citizens living abroad will be capped at £100,000 annually.
The ban on crypto donations is due to concerns over anonymity and foreign interference.
Reform UK is the only party known to have accepted crypto donations, including Bitcoin.
The government is implementing temporary measures while considering further regulations.
Reform UK received a record £9m donation from a cryptocurrency investor.
The Rycroft review highlights persistent foreign interference risks in UK democracy.
New rules will apply retrospectively to crypto donations once legislation is amended.

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