Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, whether fiat currency donations from monies derived from cryptoassets converted in (a) money or (b) other benefits are (i) impermissible or (ii) permissible donations under proposals for a retrospective moratorium on cryptocurrency donations to political parties and regulated donees.

The Government has accepted all recommendations of the Rycroft Review and is taking forward those requiring primary legislation through the Representation of the People Bill, which is currently before Parliament. A moratorium on political donations made via crypto assets has applied since 25 March 2026, and any amount donated in crypto assets will be banned under the Bill.

The question of fiat currency donations derived from crypto assets is distinct from a direct donation made in crypto assets. The Government recognises residual concerns that crypto assets could be converted into fiat currency before being donated and will set out further detail on the treatment of such donations in due course.