The government is considering placing a ban on any donations made in cryptocurrency to the UK’s political parties. Ministers are considering measures to stop the use of cryptocurrencies to fund political parties, according to recent discussions on Labour's Elections Bill.

Nigel Farage’s party, Reform UK, was the first political party in Britain to accept donations in cryptocurrencies, including Bitcoin, earlier this year. Reform set up its own crypto donations portal and affirmed there would be enhanced measures to stop any misuse.

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Cryptocurrencies have risen in popularity in recent years, as digital tokens which don’t require a bank or fin

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