Tuesday, August 16

The Giving Block Launches A Crypto Donation Service For High Purchasers By CoinTelegraph

© Reuters. The Giving Block launches a cryptocurrency donation service for high-net-worth individuals

The Giving Block, an online platform that allows nonprofits and charities to accept donations of digital assets, has launched a service tailored to donors who want to send large amounts of cryptocurrency.

  • Crypto Santa: trader raises $ 34,000 from AVAX and LUNA short contracts, then buys children’s toys

In an announcement Wednesday, The Giving Block said it has partnered with cryptocurrency tax startup Taxbit, New York-based accounting firm Friedman LLP, and Ren to start a service aimed at individuals, institutions and advisers looking to reduce your tax exposure when donating cryptocurrencies. Giving Block co-founder Pat Duffy said Private Client Services streamlines their existing donation process, allowing “high-value donors to give great gifts to their favorite charities quickly and safely, while reducing their tax bill.”

According to the platform, people who want to make large donations in crypto, including “illiquid small and mid-cap cryptocurrencies” now have more opportunities to reduce their capital gains tax and potentially increase deductions when the time comes to report to the IRS. . The Giving Block’s “high-value givers” have access to cryptocurrency tax experts, accounts, and appraisers to facilitate transaction and subsequent filing.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

Your email address will not be published.