The UK is reportedly considering a ban on political crypto donations as Reform UK tops the polls, raising questions about funding transparency and potential foreign influence.
The United Kingdom is considering a ban on crypto donations to political parties, a move that would directly affect Reform UK and its leader, Nigel Farage, who have leaned into digital assets as part of a pitch for a crypto revolution in Britain, according to Politico.
The option is being discussed as part of an Elections Bill intended to bolster trust in politics, even though a ban was not included in an earlier policy paper, Politico reported on Tuesday, citing people familiar with the matter.
The report claimed that a government spokesperson did not deny that the plan is under review, saying further details will be set out in the bill.
