The UK will publish a review report on political financing regulations, which is expected to ban cryptocurrency donations.

ChainCatcher news, according to the British newspaper The Guardian, the UK government will officially announce the review report on UK political financing regulations today, including measures to strengthen the prevention of foreign funding (including cryptocurrency) interference in democracy.

Previously, Nathan Gill, former leader of the Welsh Reform Party, was sentenced to ten and a half years for accepting bribes in cryptocurrency. The core content of the report is expected to include a ban on political parties accepting cryptocurrency donations, on the grounds that cryptocurrencies are anonymous and difficult to trace, and may be used by other countries to evade existing rules and interfere with UK elections. The UK Labour government plans to incorporate the review results into the upcoming Elections and Democracy Bill to comprehensively tighten the regulation of political donations.