California Establishes Clear Rules for Crypto Campaign Disclosure!

The post California Establishes Clear Rules for Crypto Campaign Disclosure! appeared first on Coinpedia Fintech News

The Fair Political Practices Commission (FPPC) in California has issued new guidelines outlining the campaign disclosure requirements for cryptocurrency donations to political campaigns. The FPPC states that any donations made with cryptocurrency must be received and disclosed in the same way traditional donations are reported. This includes disclosing who the donor is, the value of the donation, and any fees or expenses associated with the transaction. The guidelines also suggest using specialized law firms or accounting firms to ensure compliance with all requirements.