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Brazil’s Public Prosecutor’s Office (MPF) explained that this prohibition stemmed from the pseudonymous trait of cryptocurrency, arsenic each donation indispensable beryllium identified, and this request could beryllium precise hard to implicit with the usage of these tools.
Published: Jun 25, 2026, 6:30 PM
Key Takeaways
- The MPF reaffirmed a crypto donation prohibition connected Monday, shielding Brazil’s predetermination marketplace from fraud.
- Under a Dec 17, 2019, tribunal ruling, candidates indispensable usage Pix oregon accepted banking to verify 100% of funds.
- Brazil allows integer crowdfunding from May 15th, but forces governmental campaigns to log each donor IDs.
Brazil’s Prosecutor’s Office Reiterates Ban connected Crypto Political Donations Ahead of Presidential Election
As the wide elections get person successful Brazil, the Public Prosecutor’s Office (MPF), which is successful complaint of overseeing run fundraising and electoral spending, is strenghtening its vigilance connected governmental donations.
On Monday, the bureau issued an nonfiction reaffirming a anterior prohibition connected cryptocurrency governmental donations, explaining the reasons for this prohibition.
The bureau stated that the way to fiscal donations for an predetermination run was restricted successful Brazil, arsenic oversight bodies request to verify the root of the funds corresponding to each donation.
This is wherefore cryptocurrency donations are banned, arsenic this task could beryllium hard to implicit owed to the pseudonymous quality of these transactions.
“All run donations indispensable beryllium identified. They tin beryllium made done slope transactions with the donor’s CPF (Brazilian payer ID number) identified. Donations via Pix (Brazilian instant outgo system) are besides possible. In each cases, the enactment and the campaigner indispensable study and beryllium the donations received successful their run concern reports,” it stressed.
The bureau differentiated virtual currency from virtual crowdfunding. It underscored that raising wealth online to concern governmental campaigns, arsenic agelong arsenic donors are identified accordingly, is permitted. This benignant of backing has been approved since 2017, erstwhile the Election Law was reformed, and is permitted starting May 15th of each predetermination year.
Furthermore, the bureau clarified that candidates failing to beryllium the root of their run funds oregon to disclose immoderate donations could look fines and would person to instrumentality these funds to the treasury, facing accountability connected maltreatment of economical powerfulness charges.
The prohibition was established by the Superior Electoral Court successful Resolution No. 23,607 and issued connected December 17, 2019. The papers excluded candidates and governmental parties from receiving fiscal donations successful virtual currency.
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