FEC approves Bitcoins for political donations

Published May 8, 2014 4:00am ET



The Federal Election Commission on Thursday unanimously approved Bitcoins to be used for small political donations, one of its first rulings on the digital currency.

The commissioners’ 6-0 decision to allow political action committees to accept Bitcoins came with conditions. Only donations of up to $100 will be accepted. And donors can’t be anonymous.

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