Bitcoin May Facilitate Foreign or Criminal Political Funding, Athena ATM Failures Draw Scrutiny in UK and El Salvador
The post Bitcoin May Facilitate Foreign or Criminal Political Funding, Athena ATM Failures Draw Scrutiny in UK and El Salvador appeared on BitcoinEthereumNews.com.
Crypto political funding is raising alarms in the UK after reports that Athena Bitcoin-sponsored events and ATM operations may enable anonymous or fraudulent flows that can be used to fund political groups. Officials warn these channels can mask foreign or criminal influence and complicate regulation of UK elections. Anonymous crypto flows can enable undisclosed political funding Evidence cited includes Athena Bitcoin allegations, 400,000 fraudulent El Salvador accounts, and U.S. fraud lawsuits. Estimates place El Salvador taxpayer losses from ATM app flaws at $12–24 million, and U.S. deposits tied to fraud at 93% in early months. crypto political funding: Read how Athena Bitcoin sponsorships and El Salvador ATM flaws raise UK regulation questions — learn risks and mitigation steps. What is crypto political funding and why is it a concern in the UK? Crypto political funding refers to the use of cryptocurrencies to support political actors or campaigns, sometimes anonymously. UK authorities and analysts worry this can enable undisclosed donations, amplify extremist groups, and bypass traditional financial oversight, complicating election integrity and national security responses. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); How did Athena Bitcoin’s activities in El Salvador and sponsorships in the UK trigger scrutiny? Athena Bitcoin Global, a Bitcoin ATM operator, is linked to two lines of concern. First, in El Salvador the company was paid to install Chivo-branded ATMs despite limited local adoption. Second, flaws…
