Seven Labour MPs jointly called on the UK government to ban crypto political donations.

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Seven Labour MPs urge the UK government to ban crypto political donations in the Electoral Bill, citing risks to transparency, traceability, and foreign interference.

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UK politicscryptocurrencypolitical donationsElectoral Billtransparency

According to Foresight News , citing The Guardian, seven Labour MPs chairing parliamentary committees have called on the UK government to ban crypto political donations in the upcoming Electoral Bill. A letter signed by Liam Byrne, chair of the Business and Trade Select Committee, and six colleagues argues that crypto donations undermine the transparency, traceability, and regulatory effectiveness of political funds. "Cryptocurrencies could obscure the true source of funds, facilitate thousands of micro-donations below the disclosure threshold, and expose UK politics to foreign interference. The Electoral Commission has warned that current technology makes these risks extremely difficult to manage."

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