The UK's security chief has called for a temporary ban on cryptocurrency donations to political parties amid security and transparency concerns. The appeal follows Reform UK's move last May to accept Bitcoin and other digital assets.
Reports say Christopher Harborne has donated $12 million to the UK Reform Party; he is also reported to hold investments in Tether and Bitfinex. The move highlights growing links between crypto capital and UK political funding.
Politico reports the UK is weighing a ban on cryptocurrency donations to political parties as Reform UK leads the polls, raising fresh worries about funding transparency and foreign interference. The proposal aims to curb anonymous and cross-border funding risks tied to crypto.