Martina
Sat Jul 13 2024
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6 answers
1249
Can you donate crypto as a charitable gift?
Could you elaborate on the feasibility and implications of donating cryptocurrencies as a charitable gift? I'm curious to understand the legalities, tax benefits, and potential challenges associated with such a donation. How do charities typically accept and manage such gifts? Are there any specific cryptos that are preferred or discouraged for charitable donations? Furthermore, what are the advantages and disadvantages for both donors and recipients in using cryptocurrencies for philanthropic purposes?
