Canada plans to ban the use of cryptocurrency for political donations

By: rootdata|2026/03/29 09:42:00

On March 26, the Canadian government proposed the "Strong and Free Elections Act" (Bill C-25), which aims to prohibit political donations to parties and candidates in the form of cryptocurrencies, money orders, and prepaid cards. The reason is that such assets have pseudo-anonymity, making it difficult to verify the identity of donors, posing a risk to electoral integrity. The bill is currently in the first reading stage in the House of Commons.

The UK Labour Party has also recently stated that it will implement a "temporary ban" on political groups accepting cryptocurrency donations until a relevant regulatory framework is established to address the risk of foreign interference in elections. This measure is seen as potentially directly affecting the funding sources of the Reform Party. The party, led by Nigel Farage, has previously received significant donations from individuals in the cryptocurrency industry.

-- Price

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About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

Instagram: @WEEX Exchange

Tiktok: @weex_global

Youtube: @WEEX_Official

Discord: WEEX Community

Telegram: WeexGlobal Group

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