Soon there will be a possibility to buy politicians with digital money
The virtual currency Bitcoin is probably best familiar to people who are shopping for narcotic drugs in on-line stores just already nonfunctional Silk Road. A new Federal Election Commission ruling might expand the list of what is possible to purchase with bitcoins with a juridical realm: buying politicians. This week the FEC decided to approve a legal opinion to permit federal political campaigns to take contributions in bitcoins. The politicians shall use bitcoins in the same manner they use donations of stock. This value of this kind of "gift" will be converted to usual currency....
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There is no secret in the fact that politicians, parties and organizations receive donations regularly and especially intensively during the preparations for elections or other remarkable arrangements. Since the bitcoin crypto currency becomes more and more popular there has been opened a discussion on whether donation can be made digitally, not with real, physical dollars. The representatives of the Conservative Action Fund PAC or shortly CAF have compiled a letter for the federal Election Commission or the FEC. The main question – can the politicians and their forces receive donations in....
As bureaucrats across the globe continue to ask the common citizenry for access to every financial decision they make, politicians and celebrities worldwide are hiding large amounts of wealth in tax havens according to the Pandora Papers. While American politicians like the Biden administration claim to be against tax corruption, some people view the U.S. as the world’s “main tax lagoon.”
Pandora Papers Expose Hypocrisy Among Bureaucrats Worldwide, US Public Officials Manage to Escape Investigation
During the last month, the Biden administration and other....
By separating money from the government, Bitcoin takes the control of money out of the hands of politicians and gives it back to the citizens.
Blythe Masters has been ranked #46 in Bloomberg's List of Most Influential People in Finance. She is the only representative of the FinTech industry in this list. List dominated by politicians. The list of 50 most influential people in the world of finance is dominated by politicians. 5 out of the top 6 spots are occupied by politicians of major nations – Theresa May (#1, PM of UK), Donald Trump (#2, US Presidential candidate), Hillary Clinton (#2, US Presidential Candidate), Xi Jinping (#4, Chinese President) and Angela Merkel (#6, Chancellor of Germany) Apart from politicians, central....
Much like your Dad whipping out the phrase “YOLO” in front of your friends to prove how hip he is to the kids these days, American politicians are jumping on the Bitcoin bandwagon to show the young-and-cryptocurrency-minded how in touch they are with technology (while, of course, making money at the same time). Democrats and Republicans alike have begun accepting campaign contributions in Bitcoin following the US Federal Election Commission (FEC) opinion issued earlier this month that political committees should be allowed to accept $100 worth of bitcoin per donor per election. (The $100....