Crackdown, which will be blow to Nigel Farage’s Reform party, not likely to be ready for elections bill in new year
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Ministers are working to ban political donations made with cryptocurrency but the crackdown is not likely to be ready for the elections bill in the new year, Whitehall sources have said.
The government increasingly believes that donations made with cryptocurrency pose a risk to the integrity of the electoral system, not least because the source can be hard to verify.
However, the complex nature of cryptocurrency means officials do not believe a ban will be workable by the time of the elections bill, due to be published shortly, which is set to lower the voting age to 16 and reduce loopholes in political finance.
