Wisconsin considers policy on Bitcoin political donations

MADISON, Wis. (AP) - The Wisconsin Ethics Commission is considering a policy guiding what to do about political contributions made in bitcoin and other cryptocurrencies.

Bitcoin is gaining in popularity as a type of privately issued digital money.

The Ethics Commission is holding a hearing Tuesday in response to February request from the Libertarian Party of Wisconsin for public input and a policy on the use of campaigns accepting cryptocurrencies and making payments with them.

Libertarian Party Chairman Phil Anderson tells Wisconsin Public Radio for a story Monday that some politicians have been offered bitcoin donations, but they're wary of accepting them due to there being no policy.

The Federal Election Commission approved bitcoin donations in 2014, classifying them as "in-kind contributions."

But others have raised concerns given that bitcoins can't be traced back to individuals.