The UK government is considering banning cryptocurrencies for political donations.

PANews reported on December 2nd, citing Politico, that the British government is considering banning the use of cryptocurrencies for political donations to prevent foreign interference in the political donation system. While the initial policy document for the upcoming UK government's Electoral Bill did not mention a ban on cryptocurrency donations, three sources familiar with the matter revealed that officials are currently discussing whether to completely ban the use of cryptocurrencies to fund British politicians.

The Reform Party in the UK previously became the first British political party to accept cryptocurrency donations. Led by Nigel Farage, the Reform Party has recently seen a rapid rise in UK polls. Earlier this year, it announced its acceptance of cryptocurrency donations as part of its commitment to a "crypto revolution" in the UK, and has already received its first batch of crypto asset donations.