“Political campaigns will be allowed to accept — but not spend — the digital currency Bitcoin, under a proposed federal rule released Thursday. The Federal Election Commission draft would require campaigns to first convert any Bitcoins collected as donation to dollars. According to the proposal, the currency will count as an ‘in-kind’ contribution to a campaign — like a stock or bond. The FEC will not consider them currency. Because the value of the currency floats, campaigns will have to be careful not to accept donations above federal campaign contribution limits.”
http://www.politico.com/story/2013/11/bitcoin-campaign-donations-draft-rule-99566.html
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
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