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The IRS grants first tax-deductible status to a bitcoin nonprofit

from From Upstart

BitGive relauched as the first bitcoin charity to be granted a 501(c)(3) status from the IRS. Receiving a stamp of approval from this government organization bodes well for the future of bitcoin in the United States. Until as recently as this March, when the IRS declared bitcoin a property upon which taxes must be paid based on the grown of its value over time, the tax status of bitcoin was uncertain. more


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