WASHINGTON EXAMINER — The Federal Election Commission on Thursday unanimously approved Bitcoins to be used for small political donations, one of its first rulings on the digital currency.
The commissioners’ 6-0 decision to allow political action committees to accept Bitcoins came with conditions. Only donations of up to $100 will be accepted. And donors can’t be anonymous.
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The panel’s move came in the form of guidance — not a law — to a request from Make Your Laws PAC, which asked permission to accept Bitcoin donations in small amounts. But the decision effectively has opened the door for the decentralized currency — which is not controlled by any government or bank like the U.S. Treasury — for use in political campaigns.
Read more at the Washington Examiner.
