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UK MPs Push to Ban Crypto Donations Over Foreign Interference Risk
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Senior Labour MPs in the UK are pushing for a ban on cryptocurrency donations to political campaigns, citing concerns over anonymous funding and foreign interference. The MPs emphasize the need for transparency and traceability in political finance, which they argue crypto undermines. The government acknowledges the risks but suggests enforcement may not be ready for the upcoming Election Bill.
- Senior Labour MPs want crypto donations banned from UK politics ahead of the next Election Bill.
- Lawmakers argue that crypto enables anonymous funding, micro-donation abuse, and foreign interference.
- The government agrees on the risk but says enforcement may not be ready in time.
Seven senior Labour MPs who chair key parliamentary committees have urged the UK government to ban political donations made in cryptocurrency. The MPs include former minister Liam Byrne, Emily Thornberry, Matt Western, and more.
The demand targets the upcoming Election Bill and comes amid growing concern that crypto messes up the basic safeguards in political finance. The group argues that political funding must be transparent, traceable, and enforceable. Crypto fails all three tests.
MPs have warned that digital assets can hide the real source of money, allow mass micro-donations below…
Read The Full Article UK MPs Push to Ban Crypto Donations Over Foreign Interference Risk On Coin Edition.
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UK MPs Push to Ban Crypto Donations Over Foreign Interference Risk
Share:
Senior Labour MPs in the UK are pushing for a ban on cryptocurrency donations to political campaigns, citing concerns over anonymous funding and foreign interference. The MPs emphasize the need for transparency and traceability in political finance, which they argue crypto undermines. The government acknowledges the risks but suggests enforcement may not be ready for the upcoming Election Bill.
- Senior Labour MPs want crypto donations banned from UK politics ahead of the next Election Bill.
- Lawmakers argue that crypto enables anonymous funding, micro-donation abuse, and foreign interference.
- The government agrees on the risk but says enforcement may not be ready in time.
Seven senior Labour MPs who chair key parliamentary committees have urged the UK government to ban political donations made in cryptocurrency. The MPs include former minister Liam Byrne, Emily Thornberry, Matt Western, and more.
The demand targets the upcoming Election Bill and comes amid growing concern that crypto messes up the basic safeguards in political finance. The group argues that political funding must be transparent, traceable, and enforceable. Crypto fails all three tests.
MPs have warned that digital assets can hide the real source of money, allow mass micro-donations below…
Read The Full Article UK MPs Push to Ban Crypto Donations Over Foreign Interference Risk On Coin Edition.
In This News
Funds
Share:
In This News
Funds
Share:
Read More
Bitcoin whale wakes up after 12 years to move $84 million fortune