Regulating the funding of politicians and political parties is set to become a tricky affair amid the widespread adoption of new technologies such as cryptocurrencies, according to a new report.
Depending on the design, some cryptocurrencies could make it very difficult to trace donors’ identities and the destinations of their donations. Similarly, Georgia is now ranked second in the world for cryptocurrency mining behind only China. One Georgian political party has started accepting cryptocurrencies to fund its political campaign.
“It is important to first dissect what diverse implications they have for political finance and anticorruption efforts. Only then will it be possible to assess how they can be best utilised.”
It already was/is, let's not use crypto as an excuse.
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