Canada proposes ban on crypto political donations

Canada's Liberal government has introduced Bill C-25, the Strong and Free Elections Act, proposing a ban on cryptocurrency donations to political parties, candidates, and third-party election advertisers. This move aligns with recommendations from the country's Chief Electoral Officer and follows a similar moratorium announced by the U.K. The bill categorizes crypto alongside money orders and prepaid cards as payment methods that are difficult to trace, aiming to enhance election integrity. Notably, no major Canadian federal party has publicly accepted crypto contributions, and none were disclosed in recent federal elections.