Political Parties: Finance
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment has been made of the effectiveness of electoral law governing crypto digital currency donations to UK political parties.
Answered by Samantha Dixon
The rules around political donations must be abided by regardless of the type of donation made, which includes cryptoasset donations. Political donations can only be accepted from permissible sources, and the recipients of the donations must make an honest assessment of the value of the donation at the time they receive it. Those who receive political donations from an impermissible or unidentifiable source must return them.
The Electoral Commission provides guidance on donations, including for non-standard donations such as those made in cryptocurrencies.
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