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Full Version: California Campaign Watchdog Bans Political Donations In Bitcoin
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August, the Fair Political Practices Commission (FPPC) had considered allowing donations in cryptocurrencies. The watchdog planned to discuss the use of Bitcoin and other cryptocurrencies for political contributions and discuss their adoption.

The FPPC then held a vote on donations of cryptocurrencies like Bitcoin on Thursday, September 20. According to the AP, the members voted 3-1 for the ban, noting that the origin of cryptocurrencies is hard to track and raises questions about transparency.

The U.S. Federal Elections Commission generally allows Bitcoin donations to federal candidates. However, several states have banned or restricted such type of contributions - South Carolina has completely banned Bitcoin donations, while Colorado and Montana allow them with restrictions, the AP writes.