Canada’s federal government has introduced new legislation that would ban cryptocurrency donations to political parties, citing risks of foreign interference and anonymous funding. The proposed Strong and Free Elections Act aims to close loopholes by also restricting money orders and prepaid cards, which are considered difficult to trace.

Officials argue that crypto donations pose transparency challenges, making it harder to verify the identity of contributors. The move aligns with growing global concern around election security, as governments look to prevent external influence in democratic processes.