The Minister of the UK Cabinet Office Pat McFadden has questioned the political donations made in cryptocurrency. According to a guardian report published on July 18, 2025, McFadden, a close ally of the United Kingdom Prime Minister Keir Starmer, said: “The financing of democracy is often a controversial area, but I think it is very important that we know who is providing the donation, they are adequately registered, which are the pusti in bona of that donation”.
The Minister of the UK Cabinet Office Pat McFadden asked the electoral officials to consider to prohibit political donations made in digital currencies. #Crypto #UNITED KINGDOMhttps://t.co/qhoremm5hg
– Cryptonews.com (@cryptones) July 18, 2025
Critical debates on the regulation of cryptocurrencies are transmitting both in the United Kingdom and in the United States. In the United States, President Donald Trump announced the acceptance of cryptocurrency donations. In fact, Thumzup Media Corporation- a advertising technological startup supported by Donald Trump Jr- has just obtained the approval of the Council to maintain up to $ 250 million in cryptocurrency. In the meantime, the government of the United Kingdom is placing the measures to “safeguard democracy”.
Tom Brake, director of the group of the campaign for the democracy of unlocking and a former deputy leader of the municipalities, said: “The safeguarding of democracy is one of the most important functions of any government. Cryptocurrency donations and the high risk of cryptocurrency to channel foreign money in the UK policy, are a clear and current danger for democratic integrity.”
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Crypto Companies to collect user data since 2026, well with regard to erroneously
The United Kingdom introduced back-to-back cryptocurrencies through HM Revenue and Customs (HMRC). The government of the United Kingdom has introduced another wide regulatory move, led by the adoption of the organization for economic cooperation and the OECD (OECD) Cryptoasset Reporting Framework (Carf). Starting from 1 January 2026, all cryptocurrency companies will have to collect and spread data on users and detailed transactions.
“From 1 January 2026 if you provide cryptoasset services in the United Kingdom, you will have new responsibilities for data collection and reporting a HMRC, “said the announcement of May 14, 2025.
All Cryptoasset service providers – both national and foreign platforms that serve customers in the United Kingdom – must collect and report in -depth information on each user and every transaction. This will include the address, the country of residence, the national insurance number, the unique reference of the taxpayers and more.
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United kingdom set to prohibit the purchase of cryptocurrencies with credit cards and loans
If you used your credit card to buy Crypto in the United Kingdom, those days could be numbered. The Financial conduct Authority (FCA) has officially proposed a rule that would prevent retail investors from purchasing cryptocurrencies using funds borrowed. This includes credit cards, personal loans and even loans from crypto-specific credit institutions. However, some cryptographic users fear that the ban on the United Kingdom will discourage innovation and limit access to the market.
The move is part of a wider effort to protect consumers from collecting the debt that chases volatile digital resources. And with more people who jump in cryptocurrencies using the money they don’t actually have, the best financial guard dog of the United Kingdom plays the alarm.
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The British authorities see Crypto’s pseudonymity as an intense risk for the financing of the countryside and foreign tastings.
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The Authority for the financial conduct of the United Kingdom (FCA) also proposed to prohibit cryptocurrency purchases carried out with funds borrowed, including credit cards and personal loans.
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