UK lawmakers urge ‘immediate ban’ on crypto political donations

A cross-party parliamentary committee in the UK has recommended an immediate ban on cryptocurrency donations to political parties, citing “unacceptably high” risks to electoral integrity. The committee’s report highlights how crypto transfers can bypass financial controls through mixers, privacy coins, and chain-hopping techniques, making it difficult to trace the origin of funds. Concerns were also raised about micro-donations used to circumvent disclosure thresholds. While some industry representatives argue for regulation instead of a ban, the committee concluded that the current risks are too high and a temporary moratorium is needed until enforceable safeguards are in place. The recommendations include establishing statutory guidance approved by Parliament and broader reforms to political finance enforcement.

(Source：The Block)