Canada is planning to ban the use of crypto for political campaign donations.

The new bill (Bill C-25) is being introduced because the government is concerned that crypto's anonymity makes verifying donors difficult and could affect the transparency of elections.

Canada wants to ban crypto in political funding to ensure transparency, even though this form of funding is not yet widespread. This trend is similar to that of the UK, where both countries want to tighten control over political funding.

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