The charity division of the Fidelity managed to collect 22 million dollars in bitcoins in 2017

The charity division of the Fidelity managed to collect 22 million dollars in bitcoins in 2017

Bitcoin investors are now donated 20 million dollars in bitcoin in 2017, a charitable trust, which manages the Fund giant Fidelity Investments.

According to the company, Fidelity Charitable has received donations in the amount of 11 million U.S. dollars in November, and it is twice more than at the beginning of the month.

Matt Nash, senior Vice President of fundraising at Fidelity Charitable, attributes the surge “festive season”, as well as tax advantages:

People are getting smarter and sacrifice valuable assets, and bitcoin is the embodiment of valuable assets this year.

Charitable organization uses to process payments Coinbase and converted the funds then deposited.

The report also notes that because owners of cryptocurrency in the United States are required to pay “the tax on capital gains” if they plan to cash them. However, donations to charitable organizations allows them to avoid this tax.

Charitable Foundation accepts donations in bitcoin until 22 December.

Overall, the increase shows a constant interest in the program, which Fidelity began in November of 2015. (Fidelity Charitable has attracted $ 7 million in bitcoins as donations in the past year).

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