Ukraine’s Government Launches Official Website for Cryptocurrency Donations

2 years ago

Ukraine's Government Launches Official Website for Cryptocurrency Donations

The Ukrainian authorities has launched an authoritative cryptocurrency donation website to rise funds successful enactment of the Ukrainian equipped forces and humanitarian assistance programs successful the combat against Russia. The donation level is simply a collaboration betwixt the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency speech FTX.

Government’s Crypto Donation Website Now Live

The Ministry of Digital Transformation of Ukraine announced Monday that it has launched the authoritative “Aid For Ukraine” website to rise funds successful enactment of the Ukrainian equipped forces and humanitarian assistance programs successful the combat against Russia. The crypto donation level is successful concern with staking work supplier Everstake and cryptocurrency speech FTX.

Mykhailo Fedorov, vice premier curate of Ukraine, tweeted Monday confirming that the authoritative website wherever anyone astir the satellite tin marque cryptocurrency donations to Ukraine has gone live.

The caller donation website describes, “Aid For Ukraine is cooperating with the cryptocurrency speech FTX which converts crypto funds received into fiat and sends the donations to the National Bank of Ukraine,” elaborating:

This marks the first-ever lawsuit of a cryptocurrency speech straight cooperating with a nationalist fiscal entity to supply a conduit for crypto donations.

The Aid For Ukraine website lists crypto addresses arsenic good arsenic slope relationship accusation for the authorities of Ukraine for donation. Donors tin nonstop respective cryptocurrencies, including bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR). The Ukrainian authorities besides accepts fiat donations successful USD, EUR, GBP, AUD, and CAD.

At the clip of writing, the donation tract indicates that implicit $50 cardinal person been raised by the community.

The Ministry of Digital Transformation of Ukraine further explained that the funds raised volition beryllium spent connected subject instrumentality arsenic good arsenic “informational counteraction to Russian propaganda” and a “global connection run connected existent events successful Ukraine.”

The funds volition besides beryllium utilized successful “cybersecurity and integer infrastructure recovery, providing further extortion and migration of registers, [and the] acquisition of method peculiar instrumentality and facilities,” the ministry noted.

Earlier this month, Alex Bornyakov, Ukraine’s lawman curate of integer transformation, revealed that his authorities has spent $15 cardinal successful donated cryptocurrency connected subject supplies, including bulletproof vests.

What bash you deliberation astir the Ukrainian authorities launching a cryptocurrency donation website? Let america cognize successful the comments conception below.

Kevin Helms

A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.

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