FEC to allow bitcoin donations to political campaigns
Ben Goad
The Hill
November 9, 213
The Federal Election Commission (FEC) is proposing to allow federal candidates to receive digital donations, though the agency plans to prohibit campaigns from spending the virtual currency known as bitcoin.
The FEC’s draft guidance responds to a request from the Conservative Action Fund (CAF), a political action committee wishing to accept bitcoin donations.
“The Commission concludes that CAF may accept Bitcoins as in-kind contributions under valuation, reporting, and disbursement procedures, as described below,” the FEC said in its advisory opinion. “CAF may not, however, make disbursements using Bitcoins.”
This article was posted: Saturday, November 9, 2013 at 9:50 am
Tags: economics, financial, money
Source: Infowars
Source: http://rinf.com/alt-news/breaking-news/fec-to-allow-bitcoin-donations-to-political-campaigns/
