Cryptocurrency use makes regulating party funding tricky
Some cryptocurrencies could make it very difficult to trace donors’ identities and the destinations of their donations
24 February 2020 - 18:12
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...
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