Citing legal clarification from the recent FinCEN guidance, the Electronic Frontier Foundation has decided to accept Bitcoin donations, after a two-year hiatus from accepting donations in the digital currency. According to the EFF “Both our internal research and the recent report by FinCEN have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation.”
EFF has suggested that it will immediately convert Bitcoins to U.S. dollars to fund its ongoing projects. The immediate conversion to dollars for EFF mirrors the concern that businesses would have that extreme volatility in the BTC-USD exchange rate could have impacts on budgeting and ability to carry on business.
EFF Will Accept Bitcoins to Support Digital Liberty | Electronic Frontier Foundation.