#BitcoinTuesday: Tax Deductible Crypto Charity on International Day of Giving
The aptly-titled #BitcoinTuesday initiative calls on the cryptocurrency community to donate a portion of their holdings to charitable causes following the commercialism of the trifecta of Thanksgiving, Black Friday, and Cyber Monday. TheGivingBlock is a company that removes as many of the barriers to donating Bitcoin and other crypto assets to non-profits as easy as possible.
For example, the major crypto trading venue Gemini will be donating part of the trading fees it makes today to the charitable causes already signed up to TheGivingBlock. Given the legal status of cryptocurrency in the US and other jurisdictions, those behind #BitcoinTuesday are hoping that the fintech innovation will prove a popular way to donate to charities.