UK MPs call for ban on cryptocurrency political donations

Odaily Planet Daily News: Several British lawmakers have recently called for a ban on the use of cryptocurrency for political donations, fearing that it may be difficult to track and could trigger foreign intervention. Cabinet Office Minister Pat McFadden stated that existing legislation needs to be updated in a timely manner to ensure transparency and credibility in political financing. Previously, the UK Reform Party announced the acceptance of Bitcoin donations, which attracted attention from all walks of life. The anti-corruption agency warns that allowing cryptocurrency donations will increase the risk of criminal funds flowing into the political sphere. In addition to the UK, Ireland, some states in the US, and others have also implemented bans on cryptocurrency political donations. （Cointelegraph）