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2019-10-07 04:49:12

Cryptocurrency donations can fund election campaigns in Japan

A popular Japanese news house Yomiuri Shimbun reported on Saturday that it is entirely legal for politicians to use cryptocurrency donations to fund election campaigns in Japan but unlawful to accept other forms of donations. Running for office in Japan is not exactly plain sailing as it requires a copious amount of capital inflow for marketing, distributing, renting office spaces, and organizing for campaigns. To make matters more complicated, it is illegal for individuals to donate to their preferred candidate’s cause, under the administrative funding control law. Cryptocurrency donations in Japan get a green light In all of this, cryptocurrencies