UK Bans Crypto Donations, Limits Overseas Gifts

UK Prime Minister Sir Keir Starmer introduces a ban on cryptocurrency donations and limits annual donations from British citizens living overseas to curb potential foreign interference in elections. The move follows a review by Philip Rycroft, which suggests banning foreign-funded online political ads. Reform UK, the only major party accepting Bitcoin donations, ensures all funds are converted by a regulated firm and meet legal checks. The ban applies retrospectively, with parties having thirty days to return excess overseas donations before penalties. This move aims to safeguard democracy from hidden foreign cash, with more reforms expected.

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