PANews reported on October 15th that Decrypt stated that the UK Electoral Commission will "soon update" its guidance on cryptocurrency donations. Media reports indicate that Nigel Farage's Reform UK has received undisclosed crypto donations, with the amount and currency undisclosed. Electoral law requires that donations exceeding £11,180 must be reported, and donations exceeding £500 must come from "qualified donors." Political parties must verify identities and may reject anonymous or ineligible donations. The Commission stated that no political parties have formally reported crypto donations, but several are exploring accepting them. The Observer reported that the donations were notified to regulators in advance and did not violate regulations. The Commission stated that the update will increase transparency and address loopholes.PANews reported on October 15th that Decrypt stated that the UK Electoral Commission will "soon update" its guidance on cryptocurrency donations. Media reports indicate that Nigel Farage's Reform UK has received undisclosed crypto donations, with the amount and currency undisclosed. Electoral law requires that donations exceeding £11,180 must be reported, and donations exceeding £500 must come from "qualified donors." Political parties must verify identities and may reject anonymous or ineligible donations. The Commission stated that no political parties have formally reported crypto donations, but several are exploring accepting them. The Observer reported that the donations were notified to regulators in advance and did not violate regulations. The Commission stated that the update will increase transparency and address loopholes.