Political Parties: Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, what discussions she has had with the Electoral Commission on accounting for the fluctuating value of cryptocurrencies.
Answered by Rushanara Ali
The rules around political donations must be abided by regardless of the type of donation made, which includes donations made using cryptocurrency.
Political donations can only be accepted from permissible sources, and the recipients of donations must make an honest assessment of the value of the donation at the time they receive it. The Electoral Commission provides guidance on donations, including for non-standard donations such as those made in cryptocurrencies.
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