{"id":37706,"date":"2025-07-18T18:16:57","date_gmt":"2025-07-18T18:16:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37706"},"modified":"2025-07-18T18:16:57","modified_gmt":"2025-07-18T18:16:57","slug":"uk-minister-calls-for-ban-on-political-donations-made-in-crypto-says-funding-of-democracy-is-controversial-area","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37706","title":{"rendered":"UK Minister Calls For Ban On Political Donations Made In Crypto: Says \u201cFunding Of Democracy Is Controversial Area\u201d"},"content":{"rendered":"<div>\n<p>UK Cabinet Office minister Pat McFadden has questioned political donations made in crypto. According to<a href=\"https:\/\/www.theguardian.com\/politics\/2025\/jul\/15\/uk-should-consider-political-donations-cryptocurrency-ban-says-minister-pat-mcfadden\" rel=\"nofollow\" target=\"_blank\"> a Guardian report<\/a> published on 18 July 2025, McFadden, a close ally of UK Prime Minister Keir Starmer said, \u201cThe funding of democracy is often a controversial area but I think that it\u2019s very important that we know who is providing the donation, are they properly registered, what are the bona fides of that donation.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f6ab.png\" alt=\"\ud83d\udeab\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> UK Cabinet Office Minister Pat McFadden has called for election officials to consider banning political donations made in digital currencies. <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/UK?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#UK<\/a><a href=\"https:\/\/t.co\/qhoReMm5hG\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/qhoReMm5hG<\/a><\/p>\n<p>\u2014 Cryptonews.com (@cryptonews) <a href=\"https:\/\/twitter.com\/cryptonews\/status\/1946129596249981058?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Critical debates on crypto regulation are sweeping across both the UK and the US. In the US, President Donald Trump announced accepting crypto donations. In fact, Thumzup Media Corporation \u2013 an advertising tech startup backed by Donald Trump Jr- just secured a board approval to hold up to $250 million in crypto. Meanwhile, the UK government is weighing steps to \u201csafeguard democracy.\u201d<\/span><\/p>\n<p>Tom Brake, the director of Unlock Democracy campaign group and a former deputy leader of the Commons, said, \u201cSafeguarding democracy is one of any government\u2019s most important duties. Crypto donations, and the heightened risk of crypto being used to channel foreign money into UK politics, are a clear and present danger to democratic integrity.\u201d<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in 2025<\/a><\/strong><\/p>\n<h2 class=\"nnbtc-header__title\">Crypto Firms to Collect User Data from 2026, Hefty Fine for Misreporting<\/h2>\n<p>The UK has been introducing back-to-back crypto reforms through HM Revenue and Customs (HMRC). The UK government has introduced another sweeping regulatory move, driven by the adoption of the Organisation for Economic Co-operation and Development\u2019s (OECD) Cryptoasset Reporting Framework (CARF). Starting 1 January 2026, all crypto firms will have to collect and disclose detailed user and transaction data.<\/p>\n<p>\u201cFrom 1 January 2026 if you provide cryptoasset services in the UK, you\u2019ll have new responsibilities for collecting data and reporting it to\u00a0<abbr title=\"HM Revenue and Customs\">HMRC,\u201d\u00a0<a href=\"https:\/\/www.gov.uk\/guidance\/reporting-cryptoasset-user-and-transaction-data\" target=\"_blank\" rel=\"nofollow noopener\">the 14 May 2025 announcement said.\u00a0<\/a><\/abbr><\/p>\n<p>All cryptoasset service providers \u2013 both domestic and foreign platforms serving UK clients \u2013 must collect and report extensive information on every user and every transaction. This will include address, country of residence, national insurance number, unique taxpayer reference, and more.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<h2 class=\"nnbtc-header__title\">UK Set to Ban Buying Crypto with Credit Cards and Loans<\/h2>\n<p><span data-preserver-spaces=\"true\">If you\u2019ve been using your credit card to buy crypto in the UK, those days might be numbered. The Financial Conduct Authority (FCA) has officially proposed a rule that would stop retail investors from purchasing cryptocurrencies using borrowed funds. That includes credit cards, personal loans, and even loans from crypto-specific lenders. However, some crypto users worry that the UK ban will discourage innovation and limit market access.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The move is part of a broader effort to protect consumers from racking up debt chasing volatile digital assets. And with more people jumping into crypto using money they don\u2019t actually have, the UK\u2019s top financial watchdog is sounding the alarm.<\/span><\/p>\n<p><b>DISCOVER:\u00a0<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><b>Best New Cryptocurrencies to Invest in 2025<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">British authorities see crypto\u2019s pseudonymity as a heightened risk for illicit campaign funding and foreign meddling.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         The UK\u2019s Financial Conduct Authority (FCA) has also proposed banning crypto purchases made with borrowed funds, including credit cards and personal loans.<\/li>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p class=\"dcr-16w5gq9\">\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/uk-minister-calls-for-ban-on-political-donations-made-in-crypto-says-funding-of-democracy-is-controversial-area\/\">UK Minister Calls For Ban On Political Donations Made In Crypto: Says \u201cFunding Of Democracy Is Controversial Area\u201d<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>UK Cabinet Office minister Pat McFadden has questioned political donations made in crypto. According to a Guardian report published on 18 July 2025, McFadden, a close ally of UK Prime Minister Keir Starmer said, \u201cThe funding of democracy is often a controversial area but I think that it\u2019s very important that we know who is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37706","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37706"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37706\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}