Transparency Concerns Drive the Call for a Crypto Ban

[bonk]

Business and trade committee chair Liam Byrne said cryptocurrencies allow donors to mask identities and split contributions into thousands of small transactions below disclosure thresholds. He warned that this creates serious risks for democratic systems already grappling with foreign interference.

Byrne cited concerns raised by the Electoral Commission, which has said current technology makes crypto-related risks difficult to manage. Supporters of the ban argue that waiting for a scandal before acting would be irresponsible.

[chainsniff]

transparency matters way more than being “tech friendly” here