UK to Examine Crypto Donations in Probe on Party Financing

The Houses of Parliament in London, UK.

Photographer: Hollie Adams/Bloomberg

The UK will probe the role of cryptocurrencies as part of a wider review of the country’s laws on political finance sparked by the bribery case surrounding a Reform UK politician.

The review will be chaired by former senior civil servant Philip Rycroft and examine foreign financial interference in UK politics, Communities Secretary Steve Reed told the House of Commons on Tuesday. It will report by the end of March, and its findings will feed into legislation on elections and democracy that the government plans to advance next year, he said.