UK pushes ahead with temporary ban on political crypto donations
The government plans to implement the ban by amending the Representation of the People Bill, with changes taking “retrospective effect” from Wednesday.
The UK government is advancing plans for a moratorium on political donations made through cryptocurrencies, following an independent review and pressure from multiple high-ranking politicians.
Cointelegraph reported on Wednesday that the Rycroft Review, an independent inquiry into foreign financial interference in the UK’s political and electoral systems, recommended a moratorium on crypto donations to political parties.
New statements from UK Prime Minister Keir Starmer on Wednesday have confirmed that the government will pursue the temporary ban.