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British political parties will be banned from accepting donations in cryptocurrencies, Prime Minister Keir Starmer announced Wednesday, saying illicit finance poses a "stark" danger to the country's democracy. Starmer told lawmakers that "we will act decisively to protect our democracy" from outside meddling. "That will include a moratorium on all political donations made through cryptocurrencies," he said during the weekly Prime Minister's Questions session in the House of Commons. The move could be a financial blow to the hard-right party Reform UK. The party led by Nigel Farage is one of the few in Britain to accept cryptocurrency donations. The government also said it will put an annual cap of 100,000 pounds (USD 134,000) on donations by British voters living abroad. Reform has received 12 million pounds in the past year from Christopher Harborne, a British businessman based in Thailand, according to Electoral Commission figures. Reform UK deputy leader Richard Tice said the ..
The Government has set up a task force on darknet and cryptocurrency under the multi-agency centre (MAC) to monitor platforms facilitating narco-trafficking, Lok Sabha was informed on Tuesday. In a written response, Minister of State for Home Affairs Nityanand Rai said the Government has taken various steps for inter-agency coordination between the Narcotics Control Bureau (NCB), state anti-narcotics task forces (ANTFs) and border guarding forces to curb cross-border and inter-state drug smuggling. Listing out the steps, Rai said the task force has been set up under the MAC mechanism with a focus on monitoring platforms facilitating narco-trafficking, sharing of inputs on drug smuggling amongst agencies/MAC members, interception of drug networks, continuous capturing of trends, modus operandi and nodes with regular database updates and review of related rules and laws. In addition, a Joint Coordination Committee (JCC) has also been set up at the central and state levels to oversee .