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Prime Minister Keir Starmer has announced a temporary ban on political donations made in cryptocurrencies and a cap on gifts from British citizens living abroad following the publication of the Rycroft review into foreign financial interference.
The government said it will legislate the measures in the Representation of the People Bill, applying the moratorium retrospectively once approved.
Communities Secretary Steve Reed confirmed an immediate cap of ÂŁ100,000 a year on donations from overseas electors and said parties would have a limited window to return interim payments before criminal penalties apply.
The review by former civil servant Philip Rycroft recommended the moratorium to allow regulators and the Electoral Commission to catch up with the risks of crypto â including mixers and donation-splitting techniques that can conceal sources â and urged further steps such as banning foreignâfunded online political ads, tougher donor verification and lower thresholds for reporting.
The moves are expected to hit Reform UK, which has received multimillionâpound donations from Thailandâbased donor Christopher Harborne and is one of the few parties to accept crypto contributions.






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