Conservative MP Dan Albas tabled his second private members bill in a week on Friday.

The newest bill (C-452) would forgive the capital gains tax on the sale of virtual currencies — such as Bitcoin — when the seller donates the gains to charity.

“Many people buy and sell virtual currencies like Bitcoin as they would buy and sell any other asset. Unfortunately, the tax code does not currently treat virtual currencies like other assets and I believe that needs to be corrected,” said Albas, the MP for Central Okanagan-Simlkameen-Nicola, in a news release.

While the bill received first reading on May 17 and has yet to be voted on by parliamentarians, it has already garnered the support of the Digital Finance Institute, a think-tank focused on e-commerce.

A statement attributed to the Toronto-based think-tank was included in the news release, which noted that “Canadian entrepreneurs were among the first to create blockchain innovation solutions and it’s so important to continue to recognize Canadian innovation by amending the Income Tax Act to support charities in Canada with capital gains donations in crypto.”