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Crypto Donations Face Ban As Canada Steps Up Election Security Measures

Canada's "Strong and Free Elections Act" proposes a ban on cryptocurrency, money order, and prepaid card donations to political parties and third-party groups, citing traceability concerns and foreign interference risks. Penalties include fines up to $25,000 for individuals and $100,000 for corporations, plus repayment of up to double the contribution amount. The bill also targets AI-generated deepfakes that mislead voters. This follows a failed 2024 attempt and a recommendation from Canada’s chief electoral officer. The UK action the same day reflects broader Western democratic concerns about anonymous digital payments in elections.

bitcoinist03/30 00:02

Crypto Donations Face Ban As Canada Steps Up Election Security Measures

bitcoinist03/30 00:02

Crypto Donations Branded ‘Dangerous’? UK Security Panel Urges Immediate Ban

A UK National Security Panel has called for an immediate ban on political donations made with cryptocurrency, labeling them an "unnecessary and unacceptably high risk" to the integrity of the political finance system. The cross-party committee warns that crypto donations create a "gaping hole" in national security defenses, making it difficult to verify donors due to pseudonymous wallets, mixers, and foreign payment processors. The report urges stricter donor-identity checks, wealth-source verification, and a single-agency lead for enforcement to prevent foreign interference and illicit finance. Proposed rules would require donations to go through FCA-registered platforms, prohibit mixed coins, and mandate conversion to pounds within 48 hours. This is framed as a national security measure, not a blanket attack on crypto.

bitcoinist03/18 13:33

Crypto Donations Branded ‘Dangerous’? UK Security Panel Urges Immediate Ban

bitcoinist03/18 13:33

UK Reform Party Races Ahead Through Crypto Donations

The UK Reform Party, led by Nigel Farage, has become the first British political party to accept cryptocurrency donations, receiving a significant £3 million in crypto from British-Thai businessman Christopher Harborne in Q4 2025. This brought the party's total donations to £5.5 million, surpassing both the Conservative and Labour parties. While Farage promotes this move to position the UK as a global crypto hub, parliament members have raised concerns about potential foreign interference and the volatility of digital assets, citing past bribery convictions linked to the party. Some are calling for a ban on such donations. Chancellor Rachel Reeves has committed to regulating crypto like traditional finance. Harborne, a repeat donor, had previously given £9 million in August 2025. The Reform Party remains the only UK party accepting crypto, and Farage has pledged to pass pro-crypto legislation if elected.

TheNewsCrypto03/05 10:43

UK Reform Party Races Ahead Through Crypto Donations

TheNewsCrypto03/05 10:43

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