UK ministers aim to ban cryptocurrency political donations over anonymity risks

Good, any donations to political parties or political figures must be traceable to their origin and within the agreed limits.

While they’re at it, go after the so-called think tanks that advise government and make them have to disclose their financing.

I am a massive Bitcoiner and even I agree with this. If anything the problem of money in politics is already half of the reason I believe it should be completely out of the hands of the state.

But any political donation should be “bare” because we need to know who is paying our representative.

This should not be controversial.

Good. The only people that will complain will be the crooks.

Anyone who opposes this should be looked at incredibly carefully by our security services.

Isn’t this already covered by existing regulation?

Donor identification is mandatory, KYC means exchanges need to know the identity of their customers, there’s a shitload of anti-laundering regulation, and it being crypto will also allow you to track that money back to its source. Someone can’t just anonymously donate 50k and a political party instantly be free to use it.

They might be anonymously saved in cold storage, so how exactly can they get banned? Probably will only be cashed out 20 odd years later in a tax haven.

It’s so funny that for a while people were trying to make crypto like, some shit you can buy a coffee with. It’s just for buying drugs off the internet, freeing hostages, and most dodgy of all, donating to Nigel Farage.