UK's Starmer backs pause on crypto donations

UK Labour leader Keir Starmer has proposed a temporary halt on political donations made using cryptocurrency. This move is driven by concerns over the potential for illicit finance and money laundering risks associated with digital assets. The proposed regulation would require political parties to divest any crypto donations received prior to the rules coming into effect, aiming to enhance transparency and security in political funding. This stance reflects a growing caution among global regulators regarding the integration of cryptocurrencies into traditional financial and political systems.