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Politicians—Now Accepting Bitcoin | Motherboard -
2013-11-13 22:02:34 GMT
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"The Federal Election Commission released a plan yesterday to allow political campaigns to accept bitcoin donations, which means the hacker currency could wind up playing a major role in the 2014 elections. There's one small snag. The commission still doesn't consider the unregulated coins an official currency, so they can't be treated as a monetary contribution. Which means the campaign can't spend the cyber-contribution until it's converted into cash. Instead, the FEC suggests it will count as an "in-kind" contribution—non-monetary donations like stocks, bonds, commodities, or equipment, which have their value listed in dollars on campaign finance reports."
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