Canada’s Bill C-25 Advances With Proposed Ban on Bitcoin Political Donations

Canada’s House of Commons advanced Bill C-25, the Strong and Free Elections Act, by passing it at second reading and sending it to committee review. The bill would block cryptocurrency donations in federal elections, tightening rules on how political funding is handled. Earlier reported provisions said illegal crypto donations would have to be returned or, if that is not possible, forfeited to the federal treasury within 30 days. Separately, Canada is also moving ahead with broader crypto-related rules involving stablecoins, crypto funds, custody, and cold storage.

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