The post UK Watchdog Can’t Track Reform UK Crypto Donations appeared on BitcoinEthereumNews.com.

Reform UK did not provide crypto wallet addresses to regulators, limiting transparency. Electoral Commission says it cannot verify whether donations come from foreign sources. Crypto payments processed via overseas firms complicate oversight and enforcement under UK law. Britain’s electoral regulator has no idea where Nigel Farage’s Reform UK party is receiving its cryptocurrency donations. According to reports, the party has not shared a single wallet address with the Electoral Commission, and the watchdog says that without them, independent verification is simply impossible. The Core Problem in Three Points Reform UK declined to share its crypto wallet addresses with the Electoral Commission despite direct requests. Without those addresses, regulators cannot independently trace whether donations originated from overseas sources, which would be illegal under British electoral law. The payment processor, Radom Pay, operates through a Polish entity outside the Financial Conduct Authority’s jurisdiction, blocking UK regulators from demanding donor records. A crypto wallet address is a public identifier on the blockchain. With access to those addresses, regulators can trace the movement of funds. Without them, they are working blind. The Foreign Money Question Reform UK’s largest donor is Thailand-based Christopher Harborne, who has given the party over £12 million, including a £9 million single donation, the largest individual political donation in British history.  Harborne is a major investor in Tether, the stablecoin, which made a strategic investment in Rumble, a video platform linked to a Kremlin-backed influence operation identified by the US Department of Justice. There is also a structural loophole that regulators cannot currently close. Donations under £500 require no reporting. A donor could create multiple crypto wallets and make repeated sub-threshold transfers without triggering any disclosure requirement. The Commission’s Own Admission The Electoral Commission acknowledged it lacks the expertise and legal authority to adequately monitor cryptocurrency flows into political parties.…

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Filed under: News - @ March 18, 2026 7:24 pm