Russian Political Party to Accept Bitcoin Donations
Reports from Russia indicate a minor political party is moving to accept bitcoin donations. The Party of Growth, a center-right party formed in 2009 under the name Just Cause, is reportedly looking to begin accepting donations in the digital currency. The move is notable given the Russian government's complicated and long-controversial stance on digital currencies like bitcoin. News of the donation drive comes in light of reports from Interfax and TASS that cover remarks from Boris Titov, the head of the Party of Growth and an advisor to Russian President Vladimir Putin on business and....
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Bitcoin officially infiltrated one of the two major United States political parties this weekend when the Louisiana Republican Party (LAGOP) began accepting bitcoin donations. "The party hasn't publicly launched our bitcoin donation page, but the link went live over the weekend," LAGOP Executive Director Jason Doré told CCN. "We plan to do a public launch later this week." While the Libertarian Party was the first political party to accept bitcoin donations back in April 2013, the Louisiana Republican Party says they are the first major state political party to accept donations via the....
How do you get lawmakers to understand the concept of bitcoin and digital currency in the most effective way possible? It's a question that's been answered by BitPay (a bitcoin digital payments processor) and CoinVox (a bitcoin services firm for political organizations). The two companies have teamed together to offer an "all-in-one" solution for political candidates, political action committees and political organizations to easily accept bitcoin donations. The integration will effectively allow political groups to securely accept contributions/donations while remaining compliant with....
The Federal Election Commission (FEC) in the US has been asked to decide whether bitcoin donations can be used in political campaigns. Lawyers for Conservative Action Fund PAC (CAF) wrote to the commission on whether political candidates are allowed to accept donations in bitcoins as well as dollars. The request, which was written by Dan Backer of campaign finance and political law firm DB Capitol Strategies, also asks the commission to clarify whether CAF may then sell or directly spend any bitcoin donations it receives. "As increasing numbers of individuals trade in bitcoin, political....
In response to a local pirate party's inquiry regarding accepting political donations in the form of bitcoin, the Commonwealth of Massachusetts has given group the green light to collect the digital currency - but not without with strict rules. The Massachusetts Office of Campaign and Political Finance wrote that the pirate party may accept bitcoin from any United States Citizen not exceeding $500. The funds cannot be spent by the pirate party themselves (treated similarly to stock donations, and must be converted to U. S. dollars within 5 days of receipt at a high-volume exchange that....
The Libertarian Party of Texas announced their acceptance of Bitcoin donations recently: "Accepting Bitcoin offers our members and donors another option when it comes to financial contributions to the Libertarian Party of Texas," said Patrick Dixon, Chair, Libertarian Party of Texas. "I am very proud that our party is the first in Texas to accept Bitcoin." For a full list of Political Organizations that accept Bitcoin donations, check here. The Libertarian 2014 State Convention. On April 11th through April 13th, the Libertarian 2014 State Convention was held at the Frank W. Mayborn Civic....