“The nation’s election regulator says that groups can’t receive contributions in the form of Bitcoins, at least for now. The Federal Election Commission on Thursday passed on a request by the Conservative Action Fund to use the digital currency. It had asked the FEC whether it could accept Bitcoins, how it could spend them and how donors must report those contributions. Bitcoin is a cybercurrency that is relatively anonymous and is created and exchanged independently of any government or bank. Some retailers accept it, and the currency can be converted into cash after being deposited into virtual wallets.”
http://finance.yahoo.com/news/fec-donors-cant-bitcoins-contributions-162916315.html
Related posts:
India finance minister to countrymen: Contain 'uncontrolled passion' for gold
Fed, uneasy over ‘QE,’ plans bond-buy debate
Yemeni journalist who reported U.S. drone strike released from jail
Stolen Target Credit Cards Are Selling For $20 - $100 Each
Woman, clinically dead for 42-minutes, brought back to life by Australian doctors
Europe’s top central bankers debate the merits of ECB plan to buy bonds to help countries
Betray Your Bank Before Your Bank Betrays You
BIS: Central banks warned of 'false sense of security'
OECD seeks inspiration from FATCA model
Airbus patents plane that could fly from Paris to Tokyo in three hours
U.S. Attorney General Warns of Criminal Appeal of Bitcoin
496 Uber cars seized by NYC taxi police amid crackdown
Turkey cashes in on the Iran talks
Bitcoin vs. Ben Bernanke
U.S. denies alleged plot against Venezuelan government