Canada plans to ban cryptocurrency political donations; the relevant bill has entered its first reading.

CoinFeed reported on March 29th, citing CoinDesk, that although Canada has allowed crypto donations since 2019, they were virtually non-existent in the 2021 and 2025 federal elections. Regulators believe that the "pseudo-anonymity" and difficulty in tracing funds of crypto assets pose a potential risk to election transparency, thus moving towards a complete ban. It is understood that the Canadian government introduced the Strong and Free Elections Act (Bill C-25) on March 26th, proposing a complete ban on the use of crypto assets such as Bitcoin for political donations, classifying them, along with money orders and prepaid payment instruments, as "difficult-to-trace" forms of funds. This ban covers registered political parties, candidates, campaign teams, and third-party campaign advertising entities, meaning that crypto assets will be completely excluded from the federal election financing system.