Rainforest Foundation US’s Suzanne Pelletier and other charity heads discuss the future of cryptocurrency.
Why cryptocurrency makes a great donation: In the United States, and many other jurisdictions, cryptocurrencies are classified as property for tax purposes (like stocks). This means that when you donate appreciated crypto directly to a nonprofit, you don’t owe capital gains tax on those earnings, and neither does the nonprofit, which means you can donate more, and pay less in taxes. It’s that simple.
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