By continuing to use this site, you give your consent to our use of cookies for analytics, personalization and ads. LEARN MORE Beginning of dialog window.

Escape will cancel and close the window. The state board that enforces campaign finance rules in North Carolina won’t allow candidates to accept donations in Bitcoin or other cryptocurrencies.

Emmanuel Wilder, a Republican from Morrisville running for the Legislature, asked earlier this year whether he could accept donations in digital currency, and had some suggestions for how to value it. The Federal Election Commission in 2014 allowed candidates for federal office to accept Bitcoin donations.

Kim Westbrook Strach, state elections executive director, told Wilder in a letter this month that cryptocurrencies cannot be reliably valued. State campaign finance laws are written with monetary limits expressed in U.S. dollars, she wrote.

The local news you need to start your day “We do not have the confidence that we could adequately regulate contributions to a political campaign in North Carolina in the form of cryptocurrency,” Strach wrote. Wilder sent out a statement that he was disappointed, but appreciated the state board’s consideration. Read more from newsobserver.com…

thumbnail courtesy of newsobserver.com