UK Lawmakers Propose Ban on Cryptocurrency Political Donations Amid National Security Concerns

British legislators are advocating for a prohibition on cryptocurrency donations to political parties and campaigns. This initiative stems from growing apprehensions regarding potential foreign interference in the UK's democratic processes. Lawmakers argue that the inherent anonymity and cross-border nature of digital assets like Bitcoin (BTC) and Ethereum (ETH) could be exploited by hostile state actors or foreign entities to covertly influence elections and policy. The proposed ban aims to safeguard electoral integrity by closing a perceived regulatory loophole. This move highlights increasing global scrutiny of crypto's role in political finance and could set a precedent for other nations considering similar regulations on digital currency donations.