The UK government is reportedly considering banning political parties from accepting donations in cryptocurrencies.
According to a report by Politico on November 2, this idea could have a major effect on Reform UK and its leader, Nigel Farage, who has promoted digital assets as part of their political message about a “crypto revolution”.
Discussions about this possible ban are taking place as part of work on a new Elections Bill. The goal of the bill is to strengthen public trust in the political system.
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Although a crypto ban was not included in earlier versions of the policy, Politico reported that officials are considering adding one. A government spokesperson did not deny the reports and said more information would be shared when the bill is published.
Reform UK has been performing well in recent opinion polls, reaching around 29% in national averages. Labour has fallen to about 18%, and the Conservatives sit near 17%.
This shift has disrupted the long-standing two-party balance in British politics. Reform UK’s rise has been steady through 2025, after which support seems to have leveled off.
Politico also mentioned several politicians who support tougher rules on crypto donations. These include former Cabinet Office minister Pat McFadden, Business Committee chair Liam Byrne, and Phil Brickell, who leads a cross-party group focused on anti-corruption and fair tax practices.
On December 1, Poland’s President Karol Nawrocki declined to approve the Crypto‑Asset Market Act and instead exercised a veto. What did he say? Read the full story.
