Candidates for state and local offices in California will soon accept cryptocurrency campaign donations.The Fair Political Practices Commission voted Thursday, July 21, to approve new rules allowing the donations for digital currencies such as Bitcoin.The new rules said candidates can accept cryptocurrency donations if they immediately convert the digital currency into U.S. dollars. Candidates must use a registered cryptocurrency processor to handle the transaction that will collect the name, address, occupation and employer of each contributor.Cryptocurrencies don’t rely on banks. Instead, transactions are recorded digitally through blockchain technology.California’s new rules will take effect within 60 days. California had been one of nine states that prohibited cry
