The US Government has approved the use of Bitcoin for campaign donations, but that comes with a grocery list of requirements and breaches in privacy:
*Donate with Bitcoin, as long as you:
- Don’t exceed $100 worth
- List your name and address
- List your occupation and employer
- Prove you own them
- Married: Get spouses approval
- Prove you are not a foreign national
- Account for capital gains
Otherwise:
“Using bitcoin as payment for PACs, therefore makes PACs subject to IRS search warrants to catch individuals avoiding taxes illegally. And given what we have seen in Switzerland in cracking down on tax avoidance, we should fully expect the IRS to use this to justify PAC search warrants, whether politically motivated or not.”
RT has more details: http://rt.com/usa/157764-fec-okays-bitcoin-for-pacs/
