New federal election bill would block cryptocurrency fundraising for campaigns and third-party ads

Canada's federal government has moved to ban cryptocurrency political donations as part of new election integrity legislation, with proposals aimed at shutting down crypto fundraising for political campaigns and federal elections ^{[1] [2]}.

Bill C-25 proposes a comprehensive prohibition on cryptocurrency political contributions, citing concerns over untraceable funding sources and applying restrictions to all political entities, including third‑party advertisers ^{[3] [4]}.

The draft measures include enforcement provisions such as substantial financial penalties for non‑compliance; officials frame the changes as steps to address election interference risks linked to digital asset funding ^{[3] [2]}.

If enacted, the legislation would bring Canada in line with growing international scrutiny of cryptocurrency political donations and expand the tools available to regulators and election authorities ^{[3] [1]}.