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Ukraine collects $10 million in Cryptocurrency donations.

Cryptocurrency: A total of around $1.86 million was donated to Ukraine’s government via the sale of a non-fungible token or NFT.


Source : IPOINFO






Under siege from a Russian military invasion. The Ukrainian government has sought assistance from around the world in order to oppose the military assault.


The administration solicited assistance in a variety of ways, including bitcoin donations. The Ukrainian government’s official Twitter account shared links to two cryptocurrency wallets: one for Bitcoin donations and another for Ethereum and Tether donations.


According to CNBC, the bitcoin wallets have received $10.2 million in donations. In addition to the millions of dollars in digital currency donated to non-governmental organisations assisting the Ukrainian government.


Around $1.86 million of the monies contributed to Ukraine’s government came from the sale of a non-fungible token, or NFT. That was originally intend to collect money for WikiLeaks founder Julian Assange, according to the CNBC article, citing Elliptic.


Ukraine is accepting cryptocurrency as donations while war with Russia continues

According to a CNBC article, total cryptocurrency donations to the Ukrainian government and non-governmental organisations backing the military already total $16.7 million.


While the Ukrainian military was previously unable to accept donations in digital currencies due to the fact that they were not legally recognize by the government. Ukraine recently relaxed regulations to allow the military to access the monies.


Additionally, Ukraine has encouraged international bitcoin exchanges to bar Russia from their platforms.


World’s largest plane destroyed by Russian strikes in Ukraine

“I’m requesting that all major cryptocurrency exchanges prohibit addresses associated with Russian users. It is critical to freeze not only addresses associated with Russian and Belarusian leaders. But also addresses associated with ordinary users,” said Mykhailo Fedorov. Ukraine’s vice prime minister and minister of digital development.

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