UK to investigate foreign interference in political funding, including crypto

The UK government has launched an independent investigation into foreign interference in domestic politics through financial means, including cryptocurrency, Bloomberg reported. The inquiry was prompted by the case of Reform UK Member of Parliament Nathan Gill, who was sentenced to prison for accepting bribes from Russia. Steve Reed, Secretary of State for Housing, Communities and Local Government, said the investigation will examine the role of cryptocurrency in political financing and interference. He added that the government will also review institutional safeguards to block illicit political funds.