Source: IamSatoshi

If you try to avoid having a bank account and you take donations in Bitcoin, how can you prove that you have the £5000 to apply for a legal charity organization in the UK? At the moment BAGB is just an idea Lee Adams is trying to get off the ground.

We discussed how currently, it’s very difficult for organizations and charities to except Bitcoin. Lee points out that there are quite a few flaws in the current legislation and the Association’s main objective will be to encourage people to write to their MP’s and even challenge various aspects of this problem in court.

There’s still a full constitution that needs to be organized, but Lee, who’s a twenty years IT professional with previous charity experience has already got some interests and various trustees. We discussed various forms of decentralized control in a fluid democratic organization and agreed that BAGB is likely to develop in a desirable manner.