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  • Accepting donations in crypto assets

    If your organisation is thinking about accepting donations in crypto-assets (crypto), you need to know some basics.

    Your organisation needs to:

    • have the capacity to receive crypto
    • convert that value into Australian dollars.

    The value of the donation:

    • can be obtained from a reputable crypto exchange
    • will be relevant for the donor for tax purposes.

    For more information see Tax treatment of crypto assets in Australia – specifically bitcoin.

    Last modified: 09 Jun 2022QC 69795