Seven UK parliamentary committee chairs are urging the government to ban cryptocurrency donations to political parties, citing concerns over transparency and foreign interference. The Labour government has been considering such a ban since mid-2025 but has not yet included it in upcoming legislation. The debate intensified following a significant donation to Reform UK from a prominent crypto investor.

The UK has officially recognized digital assets like bitcoin as a distinct form of property through the Property (Digital Assets etc.) Act 2025. This law clarifies property rights for crypto, aiding in legal matters like ownership disputes and asset recovery. The move follows recommendations from the Law Commission and aims to align UK regulations with those in the U.S.

The UK's Financial Conduct Authority has imposed a £21 million ($28 million) fine on digital bank Monzo for inadequate anti-financial crime measures, including accepting customers with addresses like Buckingham Palace. Monzo's CEO stated that the issues have been resolved, and the bank has since improved its controls following a review.