UK All-Party Parliamentary Committee Calls for Immediate Ban on Cryptocurrency Political Donations

CycleProphet · 2026-03-18T09:30:56+00:00

A cross-party UK parliamentary committee has released a report calling for a ban on using cryptocurrency for political donations, citing high risks to electoral integrity. The committee recommends amending the Representation of the People Act to implement a moratorium until a regulatory framework is established.

CycleProphet

2026-03-18 09:30:56

Abstract generation in progress

Deep Tide TechFlow News, March 18 — According to The Block, a cross-party parliamentary committee in the UK has released a report urging the government to immediately ban the use of cryptocurrencies for political donations, citing “unacceptable high risks” to election integrity. The report recommends implementing a binding suspension through amendments to the Representation of the People Act until a regulatory framework is in place.

In its 47-page report, the committee notes that cryptocurrency transfers can bypass traditional financial regulations using mixers, privacy coins, and cross-chain transfers. It also highlights ongoing vulnerabilities in verifying the source of funds when converting cryptocurrencies to fiat currency. The report pays special attention to micro-donations below the £500 disclosure threshold (approximately $667) and points out that AI tools can split large transfers into multiple donations of £499 to evade scrutiny.

According to data from the UK Electoral Commission, the total political donations in the UK are approaching £65 million (about $86.7 million) in 2025.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.