JUST IN: The UK's new ban on political donations in cryptocurrencies has sparked a clash with Coinbase, which accuses the government of opting for a broad and vague measure.

The debate involves electoral security, fund control, regulatory pressure, and a political blow to Reform UK, the only British party that had accepted contributions in digital assets.
Coinbase has challenged the British ban and proposed allowing crypto donations through registered platforms with KYC and AML controls.