Bitcoin-Friendly Japan: ‘Crypto Donations Legal’
“According to Reuters, on Tuesday, Sanae Takaichi, the internal affairs and communications minister of Japan, noted the newfound ‘legality’ of crypto donations. She specifically highlighted their use within elections, remarking that cryptocurrencies were not subject to the stringent political fund’s control law; a statute which affirms that all donations to individual politicians — whether it be stocks, bonds or fiat — must be publically reported.
Incredibly, cryptocurrencies, due to their current classification, do not fall into the categories above. In essence, neither the donor nor the candidate is required to reveal any crypto contributions.”