UK plans to tighten political donation rules, restrict foreign funds and cryptocurrency donations

According to Decrypt, the UK government has announced new regulations restricting foreign funding from influencing elections, setting a limit of £ 100000 on political donations for first-time UK residents, requiring corporate donations to be reviewed based on after tax profits over the past five years, and candidates must prove that their pre election funding sources are legal. The new regulations have been upgraded on the basis of a comprehensive ban on cryptocurrency donations in March, compressing the funding sources of Reform UK that rely on cryptocurrency tycoons Christopher Harborne and Ben Delo. Christopher Harborne holds approximately 12% equity in Tether and is registered as a voter in the UK; Ben Delo plans to return to the UK, but a single donation within one year is subject to a limit of £ 100000.