Canada Introduces Bill C-25 to Ban Crypto Political Donations

Canada’s federal government introduced Bill C-25, the Strong and Free Elections Act, in the House of Commons on June 26, proposing a full ban on cryptocurrency political donations to parties, candidates, and third-party advertisers. The bill also targets prepaid cards and money orders, which the government says are harder to trace during elections. The proposal would require improper donations to be returned or otherwise disposed of within 30 days, and violations could bring penalties of up to twice the amount involved plus a maximum fine of $100,000. The new report adds that the measure is explicitly framed as a response to foreign election interference concerns. There is also a date discrepancy in coverage, as earlier information described the bill as introduced on March 26.