[03-28-2015] Bitcoin Donations Could Lead To Court Case Against Pirate Party Fin

[waawd]

http://btcfeed.net/news/bitcoin-donations-could-lead-to-court-case-against-pirate-party-finland/

Practically any Bitcoin enthusiast will know there is one major problem with our beloved digital currency: so many people are hoarding coins and not effectively spending them. In order to build a viable economy, we need to create ways to spend more Bitcoins. But could you actually end up in jail for collecting too many Bitcoins? Apparently you can, if you live in Finland.

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[Bizmark13]

http://btcfeed.net/news/bitcoin-donations-could-lead-to-court-case-against-pirate-party-finland/

Practically any Bitcoin enthusiast will know there is one major problem with our beloved digital currency: so many people are hoarding coins and not effectively spending them. In order to build a viable economy, we need to create ways to spend more Bitcoins. But could you actually end up in jail for collecting too many Bitcoins? Apparently you can, if you live in Finland.

Note however that this only applies to political donations:

Corruption is not a significant problem in Finland. A 2010 law requires candidates and parties to report campaign donations of more than EUR 800 ($1,072) in local elections or EUR 1,500 ($2,010) in parliamentary elections. However, the campaign law had no major impact on campaign financing for the 2011 elections. Finland was ranked 2 out of 183 countries surveyed in Transparency International’s 2011 Corruption Perceptions Index.

Source: http://freedomhouse.org/report/freedom-world/2012/finland

I'm not sure why this fact was left out of the article. So basically, if you happen to own a cancer research lab or a homeless shelter or anything else that isn't a political party, then you should be OK.