Cryptocurrencies and Political Finance

389
This publication is only available in electronic format
Published: 
15 March 2019
Language: 
English
Pages: 
34
Author(s): 
Catalina Uribe Burcher

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

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 present 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.

Contents

Acknowledgements

1. Introduction

2. Using cryptocurrencies to finance politics

3. Conclusions and recommendations

References

About the author

About International IDEA

Related Content

Nov
09
2017
The Seventh Session of the Conference of State Parties to the United Nations Convention against Corruption (UNCAC) takes place in Vienna 6-10 November 2017. Photo credit: UNODC.

The Seventh Session of the Conference of State Parties to the United Nations Convention against Corruption (UNCAC) takes place in Vienna 6-10 November 2017. Photo credit: UNODC.

News Article