HMRC have recently updated their guidance for charities relating to Gift Aid to clarify the position around crypto assets and Gift Aid.
It is now clear that crypto assets will not be eligible for Gift Aid as HMRC do not consider them to be currency or money. Therefore, a donor wishing to make a donation to a charity using crypto assets should convert them to 'money' in order to be eligible for Gift Aid. However, the donor should also be aware of any personal capital gains tax implications of this before doing so.
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