1d ago
UK committee urges immediate pause on crypto political donations, tighter thresholds
A cross-party UK parliamentary committee called for an immediate moratorium on cryptocurrency donations to political parties until stronger safeguards are introduced ahead of the next general election due by August 2029. It also proposed a new Political Finance Enforcement Unit, lowering the gift declaration threshold from 11,180 British pounds ($14,900) to 500 pounds ($668) and raising the maximum custodial sentence for foreign-financing wrongdoing to three years.