Political Parties: Cryptocurrencies
The question
To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, pursuant to the answer of 11 December 2025, to Question 97793, on Reform UK: Cryptocurrencies, from what date have political parties been required to declare to the Electoral Commission donations that have been made via a crypto-currency or as a crypto-asset.
Answered by Sir Jeremy Wright
The Commission has published guidance for political parties that are considering accepting cryptocurrency assets. It sets out that cryptoassets are considered property, which is in line with HMRC and Financial Conduct Authority guidance, and should be treated as a non-monetary donation.
It has always been a requirement for political parties to report the nature and value of non-monetary donations if they are greater than the reporting threshold (£11,800). The Commission’s updated guidance clarified that this applies to cryptoasset donations.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →