Ukraine asked for cryptocurrency donations to fight Russia

Yarema Dokh, a communications strategist who helped create Ukraine’s official Twitter account in 2016, confirmed to BuzzFeed News that the tweet and wallet are a legitimate government plan. He said he believed the crypto funds would go “to annihilate as many Russian occupiers as possible,” but he wasn’t sure of the exact government spending plans.

Russia started Large-scale invasion of Ukraine In the early morning hours of Thursday. Since then, Russian forces I entered Kievendangering its democratically elected government.

At first, some people, including Ethereum founder Vitalik Buterin, were concerned that the tweet might have been from scammers who had hacked the account. After hearing from the Deputy Prime Minister, Buterin chirp He received confirmation, but encouraged people to always be careful when sending donations in cryptocurrency.

So far, according to the ledger, the largest donation of 100ETH (~$278,000) came from Deepak Thapliyal, CEO of Chain.com, a blockchain technology company. “When I realized that the Ukrainian government had requested donations in the form of crypto, I felt compelled to do my part to help,” Thapiel told BuzzFeed News. “Cryptocurrency donations are virtually unlimited and almost instant, so I hope the government there will be able to tap into it as soon as possible to help those in need.”

Ukrainian NGOs and volunteer groups have a history of accepting bitcoin. The volunteer group Come Back Alive, which provides supplies to the Ukrainian army, has Request for donations In crypto since 2018, according to blockchain analytics firm Elliptic. In a report, Elliptic He said The government and NGOs have received $11 million in crypto donations since the invasion Thursday started.

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The nation is especially prepared to deal with crypto donations. This fall, passed Bitcoin legalization and regulation and other cryptocurrencies, making it one of the few countries that have embraced cryptocurrencies. Ukraine’s low taxes and large pool of tech talent have made cryptocurrency center.

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