Canada plans to completely ban political donations in cryptocurrency
By: www.chaincatcher.com|2026/03/29 01:03:10
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According to CoinDesk, the Canadian government has proposed the "Strengthening Democracy Act" (Bill C-25), which aims to prohibit political donations to parties and candidates in the form of cryptocurrencies, money orders, and prepaid cards. The reason is that such assets have pseudo-anonymity, making it difficult to verify the identity of donors and posing risks to electoral integrity. The bill is currently in the first reading stage in the House of Commons. Previously, the UK also announced a suspension of accepting cryptocurrency political donations.
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