According to The Straits Times, Singapore Red Cross announced that cryptocurrency donations can be made through the Triple-A system. In the statement, it was stated that donations made with crypto money can be transferred to the institution in Bitcoin, Ethereum, Tether and USDC.
The statement noted that donations made to the Singapore Red Cross through cryptocurrency are not yet exempt from tax, and that the donations will be directed to local humanitarian services.
Benjamin William, Secretary General and CEO of Singapore Red Cross, said in his statement regarding the new application: “By accepting digital currencies, we are opening our doors to a new segment of donors who understand technology and want to make a difference with their digital assets.” said.
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