Japan minister says cryptocurrency donations to politicians are legal
Japan’s internal affairs and communications minister has said Cryptocurrency donations are legal in the country.
The statement refers specifically to donations made to ministers or other politicians, The Block reports.
During a press conference earlier today, [minister’s name] explained that donations made in conventional money are subject to disclosure under the country’s Political Funds Control Act. However, donations made in Cryptocurrency, to politicians, are not required to be disclosed.
But bear in mind, on this occasion, this appears to be the minister’s interpretation of existing laws. How other’s will see this remains to be seen.
It doesn’t sound sustainable that Cryptocurrency-based don