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UK lawmakers call for a ban on Crypto Assets political donations, concerned about untraceability leading to foreign interference.
[Bit推] News reports that several UK MPs have recently called for a ban on the use of crypto assets for political donations, expressing concerns about their traceability and the potential for foreign interference. 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 that it would accept Bitcoin donations, attracting attention from various sectors. Anti-corruption agencies have warned that allowing crypto assets donations would increase the risk of criminal funds flowing into the political arena. Besides the UK, Ireland and some states in the US have also implemented bans on crypto assets political donations.