UK Backbenchers Committee Calls for Outright Ban on #Crypto Political Donations

A committee of seven senior Labour MPs has urged the UK government to impose a total ban on #crypto donations to political committee wrote to Prime Minister Kier Starmer to #use the upcoming elections bill to make “explicit provision to disallow #cryptocurrency donations to political parties and politicians.” In the open letter, the backbenchers have raised several concerns that emerged during committee evidence to The Observer, the red flags include foreign influence on elections through the #use of crypto, #application of technologies that fall outside UK regulations, and the influence of #AI in further obscuring the source of [.]

#crypto