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Ireland Prohibits Cryptocurrency Subsidies to Political Parties

Ireland Prohibits Cryptocurrency Subsidies to Political Parties

The Republic of Ireland is developing new legislation to prohibit any and all digital currency subsidies to its political parties from foreign accounts. This notion is to discourage Russian interventions in European politics in light of the recent war over Ukraine. The executive power in Dublin is preparing new legislation that limits foreign political subsidies, while Europe fears that Russia might intervene in Ireland’s electoral process.

Irish reporters state that new legislation will cause a big change to the country’s electoral legislation, which will grant the power to eradicate misinformation on social media platforms to the Electoral Commission of Ireland.

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