There has been a rise in the number of charities that are accepting cryptocurrencies. Although this method of payment carries its risks, it also holds rewards for these companies.

Due to the U.S. tax legislation, an increasing number of users are opting to donate to charitable organizations using cryptocurrencies.

As cryptocurrencies are considered as assets, users can get tax deductions while filing their returns. This facility is not available to those who are looking to donate using cash. This also helps people save money by not having to pay capital gains.

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