Ukraine Receives Over $7M in Crypto Donations After Airdrop Announcement

2 years ago
  • Ukraine received $1.1 cardinal successful ether, $6 cardinal successful DOT, and different cryptos, aft the announcement connected Wednesday. This would instrumentality the country's full crypto donations to implicit $40 million.

  • An airdrop involves sending escaped tokens arsenic an inducement for an action. Usually task creators airdrop tokens arsenic a mode of gathering adoption.

  • It’s not yet known what Ukraine's airdrop would entail. Ukraine has said that immoderate Russian worker that surrenders would get a payment of approximately $48,000, and crypto could play a relation successful this.

  • Tax authorities successful Ukraine have said that captured Russian instrumentality specified arsenic tanks bash not request to beryllium declared arsenic taxable income arsenic “combat trophies…were acquired not arsenic a effect of the decision of immoderate benignant of transaction.”

  • However, for Ukraine taxation residents an airdrop would apt beryllium taxable income nether existent guidance. Tax authorities person not fixed a wide presumption connected the taxation liability of an NFT of a captured Russian tank.

DISCLOSURE

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.


Subscribe to The Node, our regular study connected apical quality and ideas successful crypto.

By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.

View source