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India on Wednesday denied making any payments - either in cash or cryptocurrency - to Iran to secure safe passage for its vessels through the Strait of Hormuz amid heightened tensions in the region. The clarification came after two Indian vessels had to turn back from the Strait of Hormuz after Iranian forces fired upon them as they attempted to cross the crucial waterway on April 18. Before turning back, the captain of Indian tanker Sanmar Herald, in an audio recording that has surfaced, is heard pleading with Iranian forces to stop firing despite prior clearance to pass the Strait of Hormuz. "This is motor vessel, Sanmar Herald. You gave me clearance to go, my name is second on your list... You are firing now. Let me turn back." While New Delhi has consistently rejected claims of any financial arrangements with Tehran for ship movement through the critical energy corridors, some reports linked the April 18 incident to a crypto scam. Reports suggest scammers are offering shipowner
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 ..