Crypto remains very volatile

Charities have been warned not to accept cryptocurrency donations without first deciding whether the risks fit their aims, values and governance arrangements.

The warning appears in new guidance from the Fundraising Regulator, which says trustees should take a strategic decision on crypto fundraising before any digital-asset gift is received.

“This is to make sure you have adequate accountability and oversight of crypto donations and are not exposing your organisation to undue risk,” the guidance says.

Organisations are advised to test crypto fundraising against their charitable purposes and values, assess the strategic risks and formally agree whether they are prepared to…