Canada’s bid to ban crypto donations highlights transparency issue

A new bill in Canada would ban crypto donations to political parties, a move which election overseers have supported in past recommendations to Parliament.

A new bill in Canada, if passed, would ban political parties and other third parties in elections from accepting cryptocurrency donations in a bid to prevent election interference.

The Strong and Free Elections Act would also ban contributions made by money orders and prepaid cards, citing these methods as difficult to track.

The bill notes the potential for foreign actors to influence elections through difficult-to-trace digital payment methods, ensuring Canadian elections “remain free, fair and secure at all times,” according to Government House Leader Steven MacKinnon. 

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