Setting aside the environmental responsibility offset that Noora is planning to embark on, I still don't see why this is a viable strategy for an NGO raising funds for on ground impact. Noora operates in a country with strict financial regulation for foreign donations, but still allows funding to come in full (no tax for the NGO). In this case, assuming that the purchase is getting "cashed" out outside India, wouldn't there be quite a bit lost in fees and taxes?
Another thought that comes to mind is strategy in holding crypto assets by a non-profit - if an asset appreciates, is it profiting and subject to taxes when converted to fiat? If so, is it better to convert immediately, or take the risk in holding crypto for a chance at improving the value of the donation? If you're holding (closest equivalent I can think of for nonprofits in Inida is generating returns on an FD made on the corpus), is the donation really doing anything?
Another thought that comes to mind is strategy in holding crypto assets by a non-profit - if an asset appreciates, is it profiting and subject to taxes when converted to fiat? If so, is it better to convert immediately, or take the risk in holding crypto for a chance at improving the value of the donation? If you're holding (closest equivalent I can think of for nonprofits in Inida is generating returns on an FD made on the corpus), is the donation really doing anything?