🇧🇷🚫 Brazil officially bans political donations in crypto.
The Federal Public Ministry has reminded that Brazilian political parties and candidates are not allowed to accept campaign donations in cryptocurrencies.
According to the electoral rules in effect since 2019, each contribution must be clearly traceable to its donor to ensure transparency in political funding.
Authorities believe that the pseudonymous nature of crypto transactions can complicate the identification of true contributors and pose risks to the oversight of electoral funding.
$ETH
The Federal Public Ministry has reminded that Brazilian political parties and candidates are not allowed to accept campaign donations in cryptocurrencies.
According to the electoral rules in effect since 2019, each contribution must be clearly traceable to its donor to ensure transparency in political funding.
Authorities believe that the pseudonymous nature of crypto transactions can complicate the identification of true contributors and pose risks to the oversight of electoral funding.
$ETH