Canada Introduces Bill to Ban Crypto Donations in Federal Elections

The Canadian government has taken steps to regulate cryptocurrency donations in federal elections by introducing Bill C-25.

The Strong and Free Elections Act, which includes the proposed ban, aims to address concerns around foreign interference and illicit finance. The bill is part of a broader effort to tighten controls on political financing channels linked to digital assets.

According to authorities, cryptocurrency donations have played no measurable role in Canadian federal elections. However, the proposal follows years of warnings from electoral authorities and recommendations tied to concerns around foreign interference.

The ban would apply broadly, covering political parties, candidates, riding associations, leadership contestants, and third-party advertisers. The legislation also includes strict compliance requirements and financial penalties for non-compliance.