Ireland to ban parties from accepting crypto donations citing foreign interference in elections
The Irish government has decided to introduce a new set of regulations on political integrity which involves banning crypto donations, to fight potential Russian cyber-interference in the nation.
Ireland to restrict parties from accepting crypto donations
As per the local reports, the political parties would be banned from accepting crypto donations under the newly drafted political integrity regulations over the fears of Russian cyber-involvement in Irish elections.Darragh O’Brien, a local minister who has been given responsibility for electoral reform, wrote a note to party leaders that outlines his goal to set out a range of measures to counteract malicious foreign meddling in elections.
As part of a major reform of electoral legislation, the authorities are planning to implement stricter limitations on all foreign donations, along with obligations for parties to disclose full information of their property portfolios. The country would overhaul political funding laws to direct how political parties and individuals can take financial help from outside sources.
Moreover, the soon-to-be-established task force composed of legal professionals and political scientists to “build a legal and digital bulwark,” would also have the power to take-down social media companies and clarify online misinformation that could negatively influence the voting process. Notably, Ireland is known for its tough stance toward “misleading” crypto promotions, about which the country’s central bank warned its customers.
“The appalling invasion of Ukraine and insidious disinformation war highlight the ongoing fundamental threats faced by all democracies,” O’Brien said.
Russia’s interference
Russian influence in Ireland lately has been quiet but considerable. The Conti cyberattack, which penetrated the Health Service Executive (HSE) and knocked its computer systems offline in May 2021, demonstrates how a deterioration in broader security can impact the country. According to reports, the attack was carried out by the Russian criminal group Wizard Spider.Continue reading by joining Cryptonary Pro
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