Nonprofits and their supporters are turning to crypto to avoid taxmen, middlemen and restrictive lawmakers. Unless they do their homework, nonprofits face restrictions of a different kind.
While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this year.
Rep. Tom Emmer of Minnesota will accept crypto donations for his campaign, facilitated through BitPay.
Fidelity Charitable reported receiving more than $106 million in crypto donations since accepting bitcoin in 2015.