UK MPs Call for Ban on Cryptocurrency Political Donations

UK Cabinet Office Minister Pat McFadden stated that given the difficulty in tracking cryptocurrency donations, the UK needs to ban such political funding to guard against foreign interference and the infiltration of criminal funds. He emphasized that political fundraising must remain transparent, and the public should be clear about the source and legitimacy of donations. Previously, the Reform Party announced that it would accept Bitcoin donations, becoming the first political party in the UK to accept crypto donations. [Cointelegraph]