“Dark money has no place in British politics — and that includes crypto.”
Today I welcomed steps to clean up political finance — but warned they’ll mean nothing unless we move decisively to ban cryptocurrency donations.
Crypto is being used to launder money and disguise the origins of political cash. It has no role in our democracy.
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theguardian.com/commentisfree/…Our party finance rules are riddled with loopholes. Shell companies. Unincorporated associations. Anonymous donations routed through digital campaigns between elections. All legal. All ripe for abuse. And now, a new gateway has opened: cryptocurrency.
“Dark money has no place in British politics — and that includes crypto.”
Today I welcomed steps to clean up political finance — but warned they’ll mean nothing unless we move decisively to ban cryptocurrency donations.
Crypto is being used to launder money and disguise the origins of political cash. It has no role in our democracy.
I pressed Ministers to confirm the Elections Bill will shut this loophole once and for all.
#DarkMoney #CryptoBan