Crypto Donations to Politicians Are Unregulated in Japan: Report
Adrian Zmudzinski's original article for cointelegraph.com reduced by 40%
Sanae Takaichi, the internal affairs and communications minister of Japan, has stated that cryptocurrency donations to individual politicians are not illegal in the country - unlike the ones made in cash or securities. According to Reuters' report published on Oct. 8, Takaichi made that statement at a press conference which took place the same day.
During the event, she reportedly said that cryptocurrency donations are not subject to disclosure under the country's Political Funds Control Act. "Because addressing this problem would limit the political activities of politicians, this problem will be discussed by each party and each group." As Cointelegraph reported on Oct. 2, a candidate for the United States House of Representatives in 2020 is accepting cryptocurrency donations to run against Representative and Speaker of the House Nancy Pelosi.
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