A quick look at what’s been going on in North America…

The US is introducing new responsibilities for charities receiving virtual currency donations. The Internal Revenue Service (IRS) has added extra information to its FAQs document on virtual currency transactions. The document addresses the responsibilities of charitable organisations when accepting donations of virtual currency, including cryptocurrency.

Charities must now treat larger virtual currency donations as non-cash contributions and obtain a donor appraisal by a recognised “qualified appraiser”. However, this qualification does not ...