Gate News reports that on March 29, the Canadian government proposed the “Strong Free Elections Act” (Bill C-25) on March 26, aiming to prohibit political donations to parties and candidates in the form of cryptocurrency, money orders, and prepaid cards. The government stated that such assets have pseudo-anonymity, making it difficult to verify the identity of donors, which poses a risk to election integrity. The bill is currently in the first reading stage in the House of Commons. Previously, the UK had also announced a suspension of accepting cryptocurrency political donations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
MTN Nigeria Suspends Xtratime Airtime and Data Borrowing Service to Comply with Digital Lending Regulations
MTN Nigeria has suspended its Xtratime service due to new regulatory compliance from the FCCPC. While normal purchases continue, the suspension aims to align with upcoming digital lending rules. The company does not foresee significant financial impact and will monitor user response.
GateNews2h ago
Pakistan Opens Banking System to Licensed Crypto Firms, Reversing 2018 Ban
Pakistan's central bank has opened its banking system to licensed virtual asset service providers, reversing a previous ban. This change, following the Virtual Assets Act 2026, allows crypto businesses access to banking services under strict regulations.
GateNews6h ago
Musk’s X Money hasn’t launched yet—but it’s already making headlines! Mizuho says it will shake up the U.S. payments market and also downgrades PayPal’s rating
Elon Musk’s financial product X Money is expected to launch in April, potentially upending the U.S. payments market and putting pressure on PayPal, as Mizuho Securities has downgraded PayPal’s rating to “Neutral.” However, regulatory variables have become the main challenge, especially the legal uncertainty surrounding crypto-asset payments and yield-generating products. X has also rolled out a “Cashtags” feature that integrates real-time financial data.
ChainNewsAbmedia6h ago
Major South Korean CEX Places SPURS Token on Trading Alert List
A South Korean cryptocurrency exchange has added the SPURS token to its trading alert list due to poor market performance and investor risks. Deposits are temporarily suspended while the token is reviewed until July 16, 2026.
GateNews8h ago
Bitcoin Transactions Face 70-Page Tax Filing Burden Annually
According to Nicholas Anthony of the Cato Institute's Center for Monetary and Financial Alternatives, spending Bitcoin on everyday purchases creates an unexpected tax compliance nightmare. The IRS treats Bitcoin as property, not currency, meaning every transaction—even a $5 coffee
CryptoFrontier8h ago
Justin Sun Blasts World Liberty Financial's Governance Proposal as "Coercion," Escalating Trump Altcoin Feud
Tensions escalated between Tron founder Justin Sun and Trump-backed WLFI over a controversial governance proposal that penalizes dissenting voters. Sun criticized the proposal as coercive and absurd, alleging WLFI attempted to monopolize power.
GateNews9h ago
