Cryptocurrency Donation to Reform UK
Reform UK has reportedly received its first cryptocurrency donation, sparking concerns over political funding transparency.
Cryptocurrency donations have raised fresh concerns about the transparency of political funding. According to The Observer, Reform UK informed the Electoral Commission about receiving a crypto donation in recent weeks.
- The value of the donation has not been declared yet.
- Parties only need to notify the electoral body if the donation exceeds £11,180.
- Donations must be declared within 30 days of the end of the quarterly reporting period.
A Reform spokesman said: "All donations above the reporting limit will be disclosed in the usual way."
There is no indication that Reform has broken any rules regarding declaring the donation.
Author's summary: Reform UK receives first crypto donation.
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