Catenaa, Friday, December 05, 2025- The British government is considering a ban on cryptocurrency donations to political parties, reports said this week.
The move could affect Nigel Farage’s Reform UK just months after it became the first party in the country to accept digital assets.
The proposal is being discussed as part of the forthcoming Elections Bill, with details expected when the legislation is published.
Reform UK opened its digital asset donation portal earlier this year and has received initial crypto contributions, marking the first recorded instance of such funding in British politics.
Party leaders have framed the move as part of a broader “crypto revolution” aimed at supporting UK blockchain businesses.
Officials and transparency experts have raised concerns that crypto donations, while traceable on-chain, can obscure the original source of funds, especially when routed through multiple wallets.
Existing rules already restrict foreign political contributions, and lawmakers warn that anonymity in crypto could create loopholes for illicit financing.
Calls for stricter oversight have grown following the sentencing of former Reform Wales leader Nathan Gill, who was jailed for more than a decade for accepting payments to make pro-Russian statements while serving as an MEP.
The case has intensified scrutiny over electoral finance rules and risks of foreign influence.
The Ministry of Housing, Communities and Local Government, responsible for the Elections Bill, emphasized that new rules will aim to protect electoral integrity, including potential restrictions on shell-company contributions and mandatory risk assessments for donations.
Unlike the UK, the US has seen digital assets become a major force in political funding, with crypto-backed PACs contributing more than $190 million to the 2024 election cycle.
In the UK, crypto’s political footprint remains minimal, with few donations reported and no major party integrating digital assets into its manifesto.
