Canada’s crypto donation ban clears key vote with Conservative support
CoinDesk
Bill C-25, proposing a ban on cryptocurrency political donations in Canada, has passed its second reading in the House of Commons with Conservative support.Summary
Canada's Bill C-25, titled the Strong and Free Elections Act, has successfully passed its second reading in the House of Commons and is moving to the committee stage. The legislation aims to prohibit political contributions made via cryptocurrency, money orders, and prepaid payment products to ensure greater financial transparency. Although the Conservative Party—led by crypto-friendly Pierre Poilievre—raised questions regarding the implementation of these new rules, they ultimately supported the bill's advancement. The proposal follows recommendations from Canada's Chief Electoral Officer, who cited the difficulty of verifying contributor identities as a primary reason for the ban.
(Source：CoinDesk)