UK considers ban on crypto donations to political parties: Politico

The United Kingdom is considering a prohibition connected crypto donations to governmental parties, a determination that would straight impact Reform UK and its leader, Nigel Farage, who person leaned into integer assets arsenic portion of a transportation for a crypto gyration successful Britain, according to Politico.

The enactment is being discussed arsenic portion of an Elections Bill intended to bolster spot successful politics, adjacent though a prohibition was not included successful an earlier argumentation paper, Politico reported connected Tuesday, citing radical acquainted with the matter.

The study claimed that a authorities spokesperson did not contradict that the program is nether review, saying further details volition beryllium acceptable retired successful the bill.

Reform UK became the archetypal enactment to accept crypto donations this year. Speaking astatine the Bitcoin 2025 league successful Las Vegas successful May, Farage announced that the radical is accepting Bitcoin (BTC) and different cryptocurrency contributions from eligible donors. The enactment has since launched a portal for crypto gifts.

Related: UK widens crypto reporting rules to screen home transactions

Reform UK leads successful polls

The determination comes arsenic Reform UK has surged into a wide polling lead, with the enactment sitting astir 29% successful the latest nationalist averages, placing it up of some Labour and the Conservatives. The inclination shows a dependable emergence done mid-2025 earlier stabilizing adjacent the top, portion Labour has slid to astir 18% and the Conservatives to 17%, leaving the accepted two-party strategy fractured.

Reform UK leads successful polls. Source: Politico

According to the Politico report, those urging enactment against crypto donations see erstwhile Cabinet Office Minister Pat McFadden, Business Committee Chair Liam Byrne, and Phil Brickell, who leads an all-party radical connected anti-corruption and just tax.

The clampdown advocates accidental integer assets marque it harder to hint the existent root of funds, raising the hazard that overseas wealth could gaffe through, alongside proceeds of crime.

Related: UK takes ‘meaningful measurement forward’ with projected DeFi taxation overhaul

Ex-Reform UK person jailed for pro-Russia advocacy

The statement has intensified aft Nathan Gill, the erstwhile caput of Reform successful Wales, was jailed past period for being paid to marque pro-Russian statements successful the European Parliament. Farage has disowned Gill and rejected immoderate link.

The Elections Bill is besides expected to tighten rules connected ammunition companies and unincorporated associations, and to necessitate parties to support hazard assessments for donations that whitethorn airs a menace of overseas interference.

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