Cryptocurrency use makes regulating party funding tricky
Some cryptocurrencies could make it very difficult to trace donors’ identities and the destinations of their donations
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.
The issue of funding politicians and parties is a big issue in SA, more so following the recent release of public protector Busisiwe Mkhwebane's report on President Cyril Ramaphosa’s ANC presidential campaign donation from controversial facilities-management firm Bosasa. Mkhwebane found that Ramaphosa deliberately misled parliament on the donation to his campaign. The president is challenging the report in court...