By Fredreka Schouten | USA TODAY
The fast-growing digital currency, is coming to political campaigns.
The Federal Election Commission (FEC) unanimously approved its use as a political donation Thursday, after months of debate on the issue.
Commissioners imposed several conditions. Among them: No anonymous bitcoin contributions will be allowed, and campaign treasurers must scrutinize the donations for “evidence of illegality.”
Jim Harper, global policy counsel of the industry’s Bitcoin Foundation, said the FEC’s move lends further legitimacy to the computer-generated currency. “It’s another part of the growing body of regulation that establishes bitcoin as a co-equal part of the financial services system,” he told USA TODAY.
