The British Labor Party plans to temporarily ban political donations in cryptocurrencies or attack the sources of funding for the Reform Party

The British Labor Party said it would impose a "temporary ban" to suspend political groups from accepting cryptocurrency donations until the relevant regulatory framework is improved to deal with the risk of foreign interference in elections. The move is seen as potentially directly affecting the reform party's funding sources. Previously, the party led by Nigel Farage had received large donations from people in the crypto industry. The British government said the move aims to enhance transparency and public trust in political funds, and the relevant ban will apply retroactively to crypto donations from now on.