Ohio Elections Commission set to offer guidance on use of Bitcoin, Venmo by state political candidates – cleveland.com


The Ohio Elections Commission is set to issue official guidance on the use of bitcoin by state candidates for the first time this week. (Getty Images)Westend61 | Getty Images
COLUMBUS, Ohio — For the first time, the Ohio Elections Commission is set to offer official guidance to state political candidates on how they should handle Bitcoin and Venmo, two increasingly common ways of transferring money.
Candidates running for local or state offices can accept Bitcoin and other cryptocurrencies, but must guarantee that whoever gave it to them is eligible to make campaign contributions in Ohio, according to a draft legal advisory set to be approved by the elections commission on Thursday.
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