Cryptocurrencies are a new form of digital money or asset that could drastically change the flow of resources around the world.

As their number keeps on growing, also do the questions about their implications on the financing of politics and integrity more broadly. Does their anonymity, volatility and a lack of oversight create a potential for abuse? Or does the technology behind cryptocurrencies—blockchain—create a breeding ground for innovations in the anti-corruption realm?

This discussion paper presents some of the basic notions behind cryptocurrencies and their regulation, especially targeting their use in the financing of political parties and election campaigns. The author pays special attention to how cryptocurrencies can allow foreign contributions and anonymous donations to enter politics unnoticed, while analyzing their capacity to improve political finance reporting, disclosure and oversight.

Details

Publication date
15 March 2019
Language(s)
English
Author(s)
Catalina Uribe Burcher
Number of pages
34

Related databases & tools

Contents

Acknowledgements

1. Introduction

2. Using cryptocurrencies to finance politics

3. Conclusions and recommendations

References

About the author

About International IDEA

Give us feedback

Do you have a question or feedback about this publication? Leave us your feedback, and we’ll get back to you

Send feedback

Cryptocurrencies and Political Finance

Total views 14675
Downloads 16
Rating
Close tooltip