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UK bans crypto donations in politics to curb foreign interference

Financial Times Markets •
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UK government blocks cryptocurrency donations to political campaigns, citing risks of foreign influence. The move aligns with new regulations under the Representation of the People Bill, which imposes a moratorium on crypto contributions until regulators ensure robust oversight. Critics argue the provisional ban lacks teeth, as crypto’s decentralized nature complicates tracking ownership. Moldovan A7A5 stablecoin—linked to Russian interests—exemplifies crypto’s misuse, with reports of its role in funding geopolitical campaigns. Central Bank of Russia’s ties to A7A5 highlight vulnerabilities in unregulated digital currencies.