Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, what guidance he has issued to the Electoral Commission on the (a) acceptance and (b) reporting of political donations received through cryptocurrencies by political parties and regulated donees; and whether he plans to discuss this matter with (i) the Electoral Commission and (ii) political parties.
The rules around political donations must be abided by regardless of the type of donation made, which includes cryptoasset donations. Political donations can only be accepted from permissible sources, and the recipients of the donations must make an honest assessment of the value of the donation at the time they receive it. Those who receive political donations from an impermissible or unidentifiable source must return them.
The Electoral Commission provides guidance on donations, including for non-standard donations such as those made in cryptocurrencies.