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UK Labour Party Plans Temporary Ban on Cryptocurrency Donations to Political Parties
Odaily Planet Daily News: The UK Labour Party announced a temporary ban on political parties accepting cryptocurrency donations. This move is part of the UK government’s series of measures to combat foreign interference in elections. Today, UK Cabinet ministers announced an indefinite suspension of cryptocurrency political donations. The market generally believes this measure aims to weaken the Reform Party’s funding advantage. It is reported that last year, the Reform Party, led by Nigel Farage, received a £9 million donation from British crypto billionaire Christopher Harborne, who is based in Thailand, setting the record for the largest single political donation by an individual in the UK. (Dailymail)