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What are the rules on cryptocurrency donations to UK political parties?

about 10 hours ago
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Ministers are introducing a temporary ban in cryptocurrency donations following an official review,Philip Rycroft, a former senior civil servant, made the recommendation as part of a review into countering foreign financial influence and interference in UK politics,Rycroft said the moratorium would allow regulators to catch up, although a full ban was not deemed necessary,Nonetheless, “there is a risk that crypto assets are used as a vehicle to channel in foreign money”, he said,Donations of crypto assets – such as bitcoin, stablecoins and non-fungible tokens – to political parties are not illegal, although the moratorium will put these on hold.

The Electoral Commission, the UK’s elections watchdog, has warned parties that the same verification procedures they must carry out for cash donations also apply to crypto, such as: checking that any donation over £500 is from a source allowed under UK law; returning a donation if the donor cannot be identified; reporting a donation or donations from a single source over the same calendar year if they exceed £11,180,The commission says: “Because of the way [crypto assets] function, they present particular challenges and risks in meeting electoral law requirements in identifying donors and ensuring they are permissible,”Rycroft has recommended that a temporary ban should apply to all levels of crypto donations and can be lifted once parliament and the commission are satisfied the new rules are effective,The Electoral Commission says crypto donors could, for instance, use “mixers” that obscure the true source of a donation or use an AI tool to split donations, which could evade reporting thresholds,Attempting to evade controls on donations is a criminal offence.

In March the joint committee on the national security strategy called for a ban on crypto donations, in order to “keep UK politics free from illicit finance”.It said such donations pose an “unnecessary and unacceptably high risk to the integrity of the political finance system”, reflecting wider fears about an asset class that has been linked to organised crime networks, money laundering and terror financing.Cryptocurrencies such as bitcoin are not regulated, or issued, by central banks – unlike traditional currencies.This, according to critics and authorities, leaves them ripe for use by illicit organisations and individuals.The committee added that “dirty” crypto funds could be converted into “clean” sterling and then donated to a party, in a scenario that underlines the difficulty of monitoring crypto’s use in UK politics.

Because crypto assets are considered property, rather than a currency, they are treated as a non-monetary donation.So far, the Electoral Commission has not been notified of a crypto asset donation above the reporting threshold.According to the anti-corruption charity Spotlight on Corruption, only three parties have said they will accept crypto donations: Reform UK, the far-right Homeland party and the Other party, which believes blockchain technology – a core component of cryptocurrencies – can enable “direct democracy” in the UK.Homeland has received one donation to a cryptowallet worth approximately £27, according to a House of Commons briefing, while the Reform UK leader, Nigel Farage, has acknowledged the party has received crypto donations but they have not exceeded the £11,180 threshold.In a letter to the joint committee on the national security strategy in February, the Electoral Commission said that “to date, no political party has reported any donations that they have identified as crypto assets”.

Crypto donations to Reform UK are accepted through a Polish payment platform called Radom, one of a host of infrastructure providers that allow businesses to handle transactions and to bank in cryptocurrency.While Farage has said that Reform has received multiple crypto donations, the party does not list donations made in digital currencies.Evidence submitted to parliament from Spotlight on Corruption suggests that while Radom claims to follow UK rules around verifying the identity of Reform’s donors, it is not a UK business and would not face consequences were it to run afoul of UK election financing laws.“As Radom is not answerable to a UK regulator, it would not face sanctions in the UK if it was found to have acted in breach of its political financing laws,” Spotlight on Corruption said.
politicsSee all
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Would Morgan McSweeney’s stolen phone have Mandelson messages on it?

Morgan McSweeney is not the first person to have had their phone snatched on a London street, but the fact he was at the time Keir Starmer’s chief of staff, and that his phone most likely contained messages to and from Peter Mandelson, has prompted questions. So what do we know about the circumstances surrounding the theft of McSweeney’s phone?According to McSweeney, in an account backed up by the transcript of his call to the Metropolitan police at the time, he was using his government-issued phone on a street in Pimlico, central London, just before 10.30pm on 20 October last year when a young man on a bike snatched the iPhone and pedalled off.McSweeney also had a personal phone with him, which he used to dial 999. He told the Met police handler that he had called his “office” to get the phone tracked before phoning them

about 8 hours ago
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Show of strength by Reform MPs at PMQs turns into a cameo appearance | John Crace

Much of good comedy lies in the timing. We were about halfway through Wednesday’s prime minister’s questions and Keir Starmer was answering an obviously planted question from a Labour backbencher on the government’s plans to ban political donations from overseas donors and via cryptocurrency. Having done the serious bit, Starmer couldn’t resist the opportunity to sign off with a pop at a man whose party survives on overseas donors and crypto. “There is only one party leader who has shown he will say anything, no matter how divisive, if he is paid to do so.”Without missing a beat, the speaker, Lindsay Hoyle, announced the next questioner

about 9 hours ago
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‘Doge of the left’ could save UK taxpayers up to £30bn, says new green thinktank

A “Doge of the left,” could save up to £30bn a year for taxpayers by rooting out waste, fraud and tax avoidance, according to the first report from a new green thinktank.Launched amid growing interest in the future manifesto of Zack Polanksi’s Green party, the Verdant thinktank will be co-chaired by James Meadway, a former adviser to Labour shadow chancellor John McDonnell, and civil society campaigner Deborah Doane.In its first report, the new group argues that a crackdown on waste, rather than the ideologically driven approach of Elon Musk’s former Doge – Department of Government Efficiency – in the US, could free up significant resources.“The political right have monopolised the discussion about savings in government spending, to disastrous effect,” said Meadway. “Breaking the false economies of Treasury thinking and vested Whitehall interests are an essential

about 17 hours ago
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English councils to get guidance on designing safer streets for women and girls

Councils are for the first time to receive guidance on how to create streets that are safer for women and girls, as ministers try to tackle what they describe as systemic unfairness in people’s ability to walk around their own neighbourhood.The guidance, being drawn up by Active Travel England (ATE), is still being finalised but is expected to include measures such as better lighting and CCTV, and replacing dark underpasses with street-level crossings.Officials will also look at initiatives from other countries, such as schemes in Spain and Sweden which allow women to ask bus drivers to drop them between stops at night to minimise how long they have to walk in the dark, something which can be particularly useful in more rural areas.To coincide with the guidance, polling commissioned by ATE showed that nearly three-quarters of women said they changed their routes in winter to avoid walking in dark places, with 88% saying they felt unsafe walking alone after dark.Local transport minister Lilian Greenwood described the guidance for English councils as both a fundamental issue of fairness and also a way to improve levels of physical activity among women and girls, which tend to be lower than their equivalents for men and boys

1 day ago
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Police to reassess Morgan McSweeney phone theft over address error

Police are revisiting a closed investigation into the theft of Morgan McSweeney’s phone after admitting they recorded the wrong address when he reported the crime.Keir Starmer’s former chief of staff told the Metropolitan police that his phone was stolen in central London when he was returning home from a restaurant on 20 October last year, the Times reported.The phone is thought to hold messages relating to Peter Mandelson’s appointment as British ambassador, which could be lost if the phone remains unfound. Earlier on Tuesday, the Met had said they were “too busy” to investigate the snatched phone.The WhatsApp messages of aides and ministers are due to be published in the next tranche of the Mandelson files and the prime minister is said to be braced for potential further resignations over their contents

1 day ago
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Starmer’s government increasing spending on foreign trips, figures show

Keir Starmer’s government is spending an increasing amount on foreign trips, with almost 40 visits abroad adding up to more than £4m since he took office, the latest transparency figures have showed.The prime minister had his most costly quarter for foreign travel in the last three months of 2025, with eight trips adding up to £1.2m.The most expensive was his three-day visit to the Cop climate conference in Brazil, along with 29 officials, costing £413,000.The trade trip to India with 45 staff on a commercial flight cost £341,000, while the G20 in Johannesburg along with 30 staff on an RAF plane came in at £367,000

1 day ago
sportSee all
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Max Gawn: ‘If I didn’t like walking to a cafe and talking footy, I probably wouldn’t have a beard’

about 12 hours ago
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Revealed: secret plans for two-day London Marathon with 100,000 runners

about 13 hours ago
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The Spin | Cricket’s Tetris calendar is a recipe for player burnout and fan apathy

about 15 hours ago
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Drama amid the deluge: 50 years since James Hunt won F1 world title in Japan

about 15 hours ago
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The Celtics’ orca-loving Joe Mazzulla is an NBA oddball. He’s also a masterful coach

about 16 hours ago
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‘I wanted the rollercoaster of being emotionally invested’: Ian Bell on coaching, England and the 2005 Ashes WhatsApp

about 18 hours ago