The UK Minister urges to prohibit political donations for encryption on foreign influence concerns star-news.press/wp
Evolution journalist
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Evolution journalist
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Involve
Amid increasing fears that foreign powers can take advantage of the inappropriately encoded currency to the influence of British policy, the UK Minister of the Cabinet’s Minister of Ministers called for the election officials to consider banning political donations that were presented in digital currencies.
Main meals:
- The UK Minister has requested that it is to advise political donations for encryption.
- Activists warn that unorganized coding donations can enable foreign secret influence.
- Legionships call for stronger and transparent enforcement.
Talk to deputies, mcfadden He said follow the coding donations It represents a challenge, and urges the electoral committee to review whether the current rules are suitable for the purpose in the advanced digital age.
McFadden’s comments follow Nigel Farage that the UK Reform Party will become the first British political group that accepts Bitcoin donations, hesitant from the 2024 Donald Trump campaign.
Curd donations can enable foreign secret intervention in politics
Activists, such as Spotlight, warn of corruption that such practices can open the doors for secret foreign intervention, undermining democratic processes.
During the session of the Committee for the Rumors and Joint Countries on National Security, Labor MP Liam Bernin pressed Makfadin on this issue, which prompted the minister to emphasize the importance of transparency and legislative updates to protect the safety of political financing.
Other concerns about donations were raised by “unlimited companies”, which are difficult to scrutinize their financial records.
McFadden and byrne agreed that strengthening resources for the Electoral Committee and the National Crime Agency is necessary to improve the political finance of the police.
Bern described the current party’s funding rules as the “Kremlin Charter” in favor of the Ostrich, and called for the prohibition of cryptocurrencies and foreign funds, as well as augmented implementation.
While McFadden’s comments indicate openness to the most strict coding donations, government sources indicate that proposals for the upcoming elections reform may stop the direct ban.
Instead, the upcoming strategy paper is expected to tighten the general foreign intervention rules, expand them to digital currencies, and enhance voter registration reforms, such as reducing the age of voting to 16 and protecting candidates from ill -treatment.
Transparency activists are still cautious that the government may avoid defining donations or restore the powers of the criminal investigation into the electoral committee.
With calls to perform the strongest donation checks, including peer Margaret Hodge and Democratic Syndicate Tom Back, the debate continues on how to protect democracy in the UK against advanced threats in the digital age.
UK to impose mandatory encryption reports
The United Kingdom will ask the encryption companies to collect detailed information for the customer and report every trade and transfer starting from January 1, 2026, as part of a comprehensive effort to enhance tax compliance and supervision in the digital assets sector.
According to a recent statement issued by HM Revenue and Customs (HMRC), the new rules will clarify that platforms record full names, home addresses and tax definition numbers for all users.
Each transaction should also be recorded with details such as the cryptocurrency used and the transferred amount.
The reports commitment extends beyond the individual users to include companies, confidence and charities participating in the encryption activity.
Compliance companies may face £ 300 ($ 398) for each user.
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2025-07-18 08:46:00
