The UK plans to suspend political donations in cryptocurrency, with the Prime Minister stating it is to prevent the risk of illegal funding

By: rootdata|2026/03/25 23:49:28
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UK Prime Minister Keir Starmer stated that the government plans to suspend political donations to parties via cryptocurrency to address the risks of illegal funding flows and potential foreign interference.

Starmer pointed out during a parliamentary inquiry that the measure will be introduced as part of protecting the UK's democratic system, citing a government assessment that cryptocurrency assets could pose "serious illegal financial risks." According to the proposal, the relevant suspension measures are temporary arrangements aimed at buying time for the improvement of regulatory rules. After the new regulations take effect, parties will need to return any received cryptocurrency donations, and failure to comply may result in criminal penalties after a grace period.

The policy stems from a review report led by former senior civil servant Philip Rycroft, which recommended suspending the cryptocurrency donation mechanism until higher transparency is ensured. In recent years, the role of cryptocurrency in political financing in the UK has gradually become a controversial focus, especially after some parties accepted large cryptocurrency donations, leading to increasing concerns from regulators about the transparency of funding sources.

According to ChainCatcher, the UK Labour Party has suspended all cryptocurrency political donations.

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