of the United States Californiastate will allow politicians to receive Bitcoin (BTC) donations from the public for their political campaigns.
The political practices commission held its meeting yesterday. bitcoinheld a vote that allowed donations for digital currencies such as
Bitcoin (BTC) Donation Period in Political Campaigns in California
For the political campaigns of politicians in California bitcoin and all other cryptocurrencies will be accepted if they receive donations and immediately convert them to dollars. According to the news of the LA Times, the new law, which will take effect two months later, was approved unanimously.
California It was one of 9 states that previously banned the contribution of cryptocurrencies. However, the ban mentioned in the state has been lifted. According to a report published by a commission staff, 12 states and Washington DC somehow approve the contributions of digital money.
As a small reminder, candidates serving for federal office crypto- moneyThey were allowed to accept donations.
The law requires a registered candidate to perform this donation. crypto- money stipulates that he should work with the company. Also, the donor’s name, occupation, etc. It will also need to perform authentication processes such as security and speed.
