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The Guardian - UK
The Guardian - UK
Politics
Kiran Stacey and Rowena Mason

UK should consider banning cryptocurrency political donations, minister says

Bitcoin logo and ticket saying 'Bitcoin accepted here'
Nigel Farage announced in May that Reform would become the first party in British politics to accept donations in bitcoin. Photograph: Christophe Archambault/AFP/Getty Images

Election officials should consider banning political donations made in cryptocurrency, a minister has said, amid concerns that foreign powers are using untraceable money to influence British politics.

Pat McFadden, the Cabinet Office minister and close ally of the prime minister, Keir Starmer, told MPs on Monday he thought there was a case for preventing crypto donations given how hard it was to trace their source.

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