UK Parliament Urges Crypto Donation Ban
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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UK Parliamentary Committee Urges Halt to Cryptocurrency Political Donations
A cross-party committee in the UK parliament has called for an immediate stop to cryptocurrency donations for political parties. They urge the government to pause these gifts until the Electoral Commission sets firm rules ahead of the next general election. The group wants quick changes to election laws, including a new unit to enforce political funding rules and lowering the reporting threshold for donations. They also propose raising jail time for violations up to three years. Lawmakers highlight risks from foreign powers trying to sway UK views on ties with the US, EU, and Ukraine. Without strong checks, the committee warns crypto creates big dangers to trust in politics.
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