Political Parties: Cryptocurrencies

Speaker's Committee on the Electoral Commission written question – answered at on 23 March 2026.

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Photo of Kevin Hollinrake Kevin Hollinrake Party Chair, Conservative Party, Shadow Minister without Portfolio

To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, pursuant to the answer of 11 December 2025, to Question 97793, on Reform UK: Cryptocurrencies, from what date have political parties been required to declare to the Electoral Commission donations that have been made via a crypto-currency or as a crypto-asset.

Photo of Jeremy Wright Jeremy Wright Conservative, Kenilworth and Southam

The Commission has published guidance for political parties that are considering accepting cryptocurrency assets. It sets out that cryptoassets are considered property, which is in line with HMRC and Financial Conduct Authority guidance, and should be treated as a non-monetary donation.

It has always been a requirement for political parties to report the nature and value of non-monetary donations if they are greater than the reporting threshold (£11,800). The Commission’s updated guidance clarified that this applies to cryptoasset donations.

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