Crypto Donations Face Ban As Canada Steps Up Election Security Measures
Canada’s federal government introduced legislation Thursday that would bar political parties and third-party election groups from accepting crypto, money orders, and prepaid cards as political donations. Related Reading: Crypto Giant Bitmain Faces Scrutiny As US Senator Flags Trump Family Ties The bill, called the Strong and Free Elections Act, targets payment methods that officials say […]
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Hong-kong based cryptocurrency exchange, Crypto.com, known for its industry-standard security measures, announced on Thursday that it is granting a donation of an undisclosed amount to the Crypto Research Lab of the University of Pennsylvania (UPenn) in order to boost the analysis of security and privacy in this age of digital revolution. The crypto exchange inked […]
With Canada's "Freedom Convoy" of truckers successfully blocking commerce, officials are taking stronger measures to censor bitcoin donations.
The cryptocurrency industry did not get heavily engaged in this year’s election, either via donations or lobbying.
A parliamentary hopeful running in Canada's upcoming federal election says he wants to give bitcoin an equal footing with the dollar. Alex Millar, a former maths teacher and software engineer, claims to be an independent candidate running for Vancouver East. In a post on Straight.com yesterday, the bitcoin enthusiast said he decided to run to highlight an issue the major parties were ignoring: money creation. "Canadians enjoy freedom of speech and freedom of religion, I'm running for for parliament because I believe we need freedom of money," he said. The candidate, who does not currently....
This year, the FEC announced that political candidates could accept donations in Bitcoin. While the guidelines are welcome, the FEC also capped the amount that could be donated to $100 in Bitcoin or Cryptocurrency per person each election period. This amount is far below the amounts you can donate in fiat. Along with the restriction, many people are not yet up to speed on Bitcoin. This lack of knowledge in the general public also makes Bitcoin lag as a form of donation. As first reported on by The Huffington Post, Blaine Richardson, a House seat candidate running for Maine's 2 District,....