UK government freezes crypto donations
The UK government, led by Keir Starmer, has immediately banned cryptocurrency political donations due to foreign interference risks.Summary
The U.K. government, under Prime Minister Keir Starmer, has imposed an immediate moratorium on all cryptocurrency donations to political parties, citing concerns that digital assets can obscure the origins of foreign funding in British politics. This action follows the government-commissioned Rycroft review, which warned that the anonymity of crypto payments poses a risk to democratic transparency. The ban takes effect immediately, requiring parties to return any crypto received within 30 days of new legislation passing, after which criminal penalties will apply. The review's author, Philip Rycroft, framed the moratorium as a necessary pause to allow regulation to catch up, emphasizing his focus on protecting democratic processes. The move was accompanied by a political jab from Starmer toward Reform leader Nigel Farage.
(Source：CoinDesk)