The Japanese cabinet decided that personal donations to politicians in cryptocurrencies are not prohibited.

According to Coinpost, the Japanese government cabinet meeting today passed a defense statement, deciding that the politician's personal donation prohibited by the Political Capital Restriction Act does not include virtual currency (encrypted assets), that is, the encrypted assets are not covered by the Political Capital Restriction Law. Money and securities." The Political Funds Restriction Law stipulates that in principle, individuals or enterprises are prohibited from making donations to politicians, and corporate contributions are limited to political parties. In the current Political Capital Restriction Act, there are the following provisions for the donation of politicians: donations through money are illegal, but donations through items are legal. The focus of this virtual currency donation is whether the relevant laws stipulate whether it complies with the “money” or “valuable securities” prohibited by the current Political Capital Limitation Law.