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PM Keir Starmer Declares Total Ban On Crypto Donations To UK Political Parties

UK Prime Minister Keir Starmer has announced a total ban on cryptocurrency donations to political parties and a new annual cap of £100,000 for donations from British citizens living abroad. These measures, effective immediately, follow an independent review that warned of "real, persistent and sustained" threats of foreign financial influence in UK politics. The government aims to close avenues for illicit or foreign funds to enter domestic campaigns, with officials describing the crypto ban as vital to shutting down a clear route for such money. The new rules are expected to significantly impact parties like Reform UK, which had previously accepted Bitcoin donations and relied heavily on overseas funding. The broader recommendations from the review also include creating a dedicated police center to investigate allegations of foreign financial interference and considering tougher criminal sentences.

bitcoinist03/26 09:32