Reform Receives First Cryptocurrency Donation
Cryptocurrency donations are raising concerns about transparency in political funding.
Reform UK has reportedly informed the Electoral Commission that it received a cryptocurrency donation in recent weeks.
- The value of the donation has not been declared.
- Parties only need to notify the electoral body if the donation is more than £7,500 for local parties or £11,180 for central parties.
- Donations must be declared within 30 days of the end of the quarterly reporting period.
“All donations above the reporting limit will be disclosed in the usual way.” - Reform spokesman
There is no indication that Reform has broken any rules regarding declaring the donation.
Author's summary: Reform UK receives first crypto donation.