Crypto in Politics? MPF Explains Why Cryptocurrency Donations to Candidates are Banned in Brazil
The Federal Public Ministry (MPF) has released a critical briefing clarifying the legal boundaries of digital assets within the Brazilian electoral system. Through its 'Me explica, MPF!' series, the institution emphasized that cryptocurrency donations to political parties and candidates are strictly prohibited to ensure total transparency in political funding.
This ban is rooted in Resolution 23.607/2019 from the Superior Electoral Court (TSE), which has been in effect since late 2019. The regulatory framework aims to mitigate the risks associated with the pseudonymity of crypto assets, ensuring that all campaign contributions remain traceable and compliant with strict electoral oversight laws.
The article points out that this prohibition has been in place since December 2019, following the approval of Resolution 23.607/2019 by the Superior Electoral Court (TSE). The restriction is intended to safeguard the integrity of the democratic process by preventing the inherent anonymity of certain crypto assets from undermining the auditing of campaign accounts and the transparency of political financing.
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