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UK Urged to Ban Crypto Donations as US and Others Seek Influence

Irina Anghel
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⚡ Quantum Brief
UK lawmakers are urging an immediate ban on cryptocurrency donations to political parties, citing national security risks from foreign influence, particularly from the US. The Joint Committee on the National Security Strategy proposed the measure in a March 2026 report, calling for legislation until stricter regulations are established. Concerns center on anonymous crypto transactions enabling covert foreign funding, potentially undermining democratic processes and sovereignty. Parliament’s push follows rising global scrutiny of crypto’s role in political financing, with the UK seeking to preempt risks seen in other nations. The ban would remain temporary, allowing time to develop robust oversight frameworks for digital asset contributions.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Crypto:The Houses of Parliament in London.British lawmakers are pushing the government to legislate against crypto currency donations to political parties, amid growing concerns about the influence of foreign states including the US. The UK government should impose an immediate ban until better rules can be put in place, Parliament’s Joint Committee on the National Security Strategy said in a report published Wednesday.

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Source: Bloomberg Technology

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