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The UK Electoral Commission has called for transparency on crypto-related political funding. According to reports, the first crypto donation was made to a political party in British history. However, sources claimed that it was not declared, in what many fear as a sliding doors moment in political funding. The sources claimed that the electoral commission had been given prior notice by a party believed to be Reform UK that it had received a donation made in cryptocurrency over the past few weeks. Reform UK is not the only party that has accepted crypto donations. Its leader, Nigel Farage, announced it at a Bitcoin conference in Las Vegas in the spring. The party conference, which took place in Birmingham last month, was also sponsored by several finance groups, including at least two crypto firms. UK Electoral Commission wants transparency in crypto donations reporting While the value of the donation received by Reform UK is unknown, parties are only mandated to involve the commission if they receive more than £11,180 centrally. MPs, who have a low reporting threshold of £2,230, are expected to declare donations on their register first. “All donations above the reporting limit will be disclosed in the usual way,” a spokesperson for Reform UK said. This does not suggest that the funding was outside the window for formal declarations. Although all things point towards Reform UK not breaking any law, politicians and transparency campaigners have also sounded the alarm about the risks posed by introducing digital assets into political financing. There are also fears that the regulator has neither the skills nor the resources to properly scrutinize transactions. “We are in a naive place where I don’t believe the government has properly thought about the implications of crypto in the context of political donations,” said Tom Keatinge, director of…

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Filed under: News - @ October 12, 2025 8:58 am