The United Kingdom has imposed an immediate moratorium on all cryptocurrency donations to political parties, Prime Minister Keir Starmer announced on Wednesday.
The move follows the publication of the Rycroft Review, a 50-page independent assessment of foreign financial interference in UK politics led by former senior civil servant Philip Rycroft.
The government will legislate the moratorium through amendments to the Representation of the People Bill currently before Parliament, and the new rules will apply retrospectively to any crypto donations received from Wednesday onward, Communities Secretary Steve Reed confirmed in the House of Commons.
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