Canada Proposes Ban on Cryptocurrency Donations to Political Campaigns

Canada has introduced Bill C-25 on March 26, aiming to prohibit cryptocurrency donations to political campaigns. According to NS3.AI, the bill mandates that recipients of such contributions have 30 days to return, destroy, or convert them. This legislation applies to political parties, riding associations, candidates, leadership and nomination contestants, as well as third parties involved in election advertising. The proposal seeks to revive the ban initially included in Bill C-65, which was not enacted due to the prorogation of Parliament.