Polaris + Crypto

Using Technology to Prevent Exploitation

As new technologies become prevalent in society and our economy, they become both a medium in which human trafficking happens AND a means to restore freedom to survivors. Today, the architecture of web3 is an urgent human rights imperative because it will dictate who will hold social, political, and economic power in the near future… and who will not.

 

Financial Crimes Matter Podcast

Anjana Rajan, Polaris’s chief technology officer, visited with Kieran Beer on the ACAMS Financial Crime Matters podcast to talk about the future of crypto and web3. The current debate about web3 – the next generation of the internet – offers us all a chance to either create a better virtual world for everyone, particularly the most vulnerable, or to further the web’s capacity to be used for exploitation. “As a cryptographer, I largely believe in the power of web3 to help restore economic justice to victims and survivors,” says Rajan, “but as a human trafficking expert, I think web3 currently only offers that possibility, not the guarantee.”

Why Give Crypto to Polaris

As a survivor-centered, technology-enabled, and justice & equity-driven organization that fights sex and labor trafficking, Polaris uses its multidisciplinary expertise on human trafficking and applied cryptography to outline a vision for web3 that will empower and protect the vulnerable while holding perpetrators of abuse and crimes accountable.

Polaris’s constellation of crypto-givers – you – will fuel this preventative, empowering, and freedom-affirming work.

Additional Information

The IRS classifies cryptocurrencies as property, so cryptocurrency donations to Polaris receive the same tax treatment as stocks. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax efficient ways to support Polaris, more so than cash. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.

All cryptocurrency donations made to Polaris are nonrefundable. Polaris works hard to ensure that every token that is donated is put to work as soon as possible. As these donations are immediately converted into fiat, we do not offer refunds on any donations that are made in cryptocurrency. When Polaris receives your donation, it is understood that it is made to advance our mission. We are so grateful for your generous support!

Need help? Polaris operates the U.S. National Human Trafficking Hotline.