Republic of Ireland to Prohibit Political Cryptocurrency Donations – Regulation Bitcoin News

The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West and Moscow over the war in Ukraine.The executive power in Dublin is drafting new political integrity rules to limit foreign political donations amid fears that Russia might try to influence Ireland’s electoral process.

The appalling invasion of the Ukraine and insidious disinformation war highlight the ongoing fundamental threats faced by all democracies. The new Electoral Commission of Ireland, which should be established by the summer, will be tasked to also introduce guidelines for political advertising on the internet, including requirements for parties to clearly state how ads are funded and the audiences they are targeting. Party leaders will have to declare that their political organizations are adhering to the new regulations.

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