2018-9-21 13:30 |
Political candidates in California will no longer be allowed to accept donations from supporters that have been made in cryptocurrencies as a result of new rules set out by the states political watchdog, the Fair Political Practices Commission (FPPC).
The decision was allegedly taken to a vote, which concluded in a 3-1 decision against the acceptance of Bitcoin and other cryptocurrency donations by candidates in California. The decision was made as the FPPC believe that cryptocurrency donations make it very difficult for authorities to trace who the donations came from and where they came from, reducing political transparency and leaving the candidates open to bribery.
Continue reading California’s Political Candidates Banned From Accepting Bitcoin Donations at Crypto Daily™.
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