In Canada, a proposal to ban political cryptocurrency donations has been suggested - ForkLog: cryptocurrencies, AI, singularity, the future

# Canada Proposes Ban on Political Crypto Contributions

The Canadian Parliament is considering Bill C-25, which prohibits political donations in cryptocurrencies.

The restrictions apply to the entire political system of the country and cover registered parties, electoral associations, candidates, as well as third parties engaged in election advertising.

The “Strong and Free Elections Act” refers to concerns that the pseudo-anonymity of cryptocurrency creates transparency issues, and the identification of participants is “fundamentally difficult.”

The provisions impose a fine of double the amount of the improper contribution.

C-25 is the second attempt to introduce a ban on cryptocurrency donations. Its predecessor, Bill C-65, contained identical provisions but was rejected after the parliament was dissolved in January 2025.

The new version is currently in its first reading in the House of Commons.

From Regulation to Ban

In Canada, donations in cryptocurrency have been allowed since 2019 under an administrative system that classifies them as non-monetary contributions similar to property. However, no major federal party publicly accepted cryptocurrency during the 2021 and 2025 elections.

Additionally, such contributions could not be considered when calculating tax benefits, and contributors exceeding $200 had to be publicly identified.

Over time, the Chief Electoral Officer of Canada, Stéphane Perrault, shifted to a “prohibitive” stance. After the elections in June 2022, he recommended tightening the rules regarding cryptocurrency donations.

In November 2024, Perrault proposed a complete ban on crypto contributions due to identification issues.

Recall that in March 2026, the UK government enacted urgent legislative changes to restrict political donations in cryptocurrency.