Political parties in the Republic of Ireland will be banned from accepting donations in form of cryptocurrencies, the Irish Independent reported on Tuesday.
This was decided in order to counter concerns over Russian interference in Irish elections.
Local Government Minister Darragh O'Brien, who is in charge of electoral reform, has written to party leaders detailing measures to combat potential foreign meddling in the country's democratic processes.
"The appalling invasion of the Ukraine and insidious disinformation war highlight the ongoing fundamental threats faced by all democracies", O'Brien said.
Cryptocurrency donations are likely being targeted on concerns that it is used to undergo sanctions, such as those placed on the majority of financial institutions linked to Russia and its allies.