Canada’s crypto donation ban clears key vote with support from Conservatives

Bill C-25, the Strong and Free Elections Act, cleared second reading Friday and heads to committee as Conservative lawmakers raise but don’t challenge the proposed ban on bitcoin contributions What to know : Canada’s Bill C-25, which would ban crypto donations to federal political campaigns by classifying them alongside other hard-to-trace funding methods, passed a second reading in the House of Commons and moved to committee review. The proposal covers all major participants in federal elections, including parties, candidates and third-party advertisers, requiring any illegal crypto contributions to be returned or sent to the Receiver General within 30 days. The measure has drawn little opposition in Parliament, reflecting the minimal role crypto has played in Canadian campaign finance, even as the U.S. continues to allow such donations while the U.K. has already banned them.