The UK authorities is reportedly contemplating banning political events from accepting donations in cryptocurrencies.
In line with a report by Politico on November 2, this concept might have a significant impact on Reform UK and its chief, Nigel Farage, who has promoted digital belongings as a part of their political message a couple of “crypto revolution”.
Discussions about this potential ban are going down as a part of work on a brand new Elections Invoice. The objective of the invoice is to strengthen public belief within the political system.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
What’s a MetaMask Pockets? (And Find out how to Use it – Animated)
Though a crypto ban was not included in earlier variations of the coverage, Politico reported that officers are contemplating including one. A authorities spokesperson didn’t deny the experiences and mentioned extra data can be shared when the invoice is revealed.
Reform UK has been performing nicely in current opinion polls, reaching round 29% in nationwide averages. Labour has fallen to about 18%, and the Conservatives sit close to 17%.
This shift has disrupted the long-standing two-party steadiness in British politics. Reform UK’s rise has been regular via 2025, after which assist appears to have leveled off.
Politico additionally talked about a number of politicians who assist harder guidelines on crypto donations. These embrace former Cupboard Workplace minister Pat McFadden, Enterprise Committee chair Liam Byrne, and Phil Brickell, who leads a cross-party group centered on anti-corruption and truthful tax practices.
On December 1, Poland’s President Karol Nawrocki declined to approve the Crypto‑Asset Market Act and as a substitute exercised a veto. What did he say? Learn the total story.
