"Donations in cryptocurrency to UK political parties will be banned, Prime Minister Sir Keir Starmer has said, in response to a review of foreign financial interference."
"Ministers are also capping donations of British citizens living abroad at 100,000 annually, one of 17 recommendations made by former top civil servant Philip Rycroft."
"The Rycroft review was commissioned last year in response to threats posed by foreign states attempting to meddle in British democracy."
"In an Observer article, a Reform UK spokesperson said all of its crypto donations 'are converted into cash by a regulated third party [that] does this for us.'"
The UK government will ban cryptocurrency donations to political parties and limit donations from British citizens living abroad to £100,000 annually. This decision follows a review by Philip Rycroft addressing foreign financial interference in UK politics. The review was prompted by incidents of foreign meddling, including a conviction related to pro-Russian bribes. Reform UK is notably affected, as it has accepted cryptocurrency donations. The government is still evaluating other recommendations from the review, including a ban on foreign-funded online political advertisements.
Read at www.bbc.com
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