Canada plans to ban accepting cryptocurrency donations in election campaigns

金色财经_ · 2026-03-28T17:31:57+00:00

Canada's Bill C-25 bans the use of cryptocurrencies and similar assets for donations in federal politics, closing a fundraising channel that had been scarcely used since 2019. The reason cited is the "pseudo-anonymity" of cryptocurrencies and the difficulty in verifying identities. The bill mandates the return of illegal donations and imposes fines for violations.

金色财经_

2026-03-28 17:31:57

Abstract generation in progress

Golden Finance reported that on March 29, Canada’s Bill C-25 will prohibit the use of cryptocurrencies, money orders, and prepaid cards for donations within the federal political system, effectively closing a fundraising channel that has remained largely unused since it was first allowed in 2019.
The Chief Electoral Officer initially leaned towards strengthening regulation but recommended a complete ban in 2024, citing that cryptocurrencies have “pseudo-anonymity” and pose fundamental challenges in verifying donor identities.
This bill is a reintroduced version of the previously rejected Bill C-65, which stipulates that illegal crypto donations must be refunded or surrendered within 30 days and imposes penalties for violations: corporations can be fined up to twice the donation amount plus $100,000. The bill has currently entered the first reading stage in the House of Commons.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes