Donations of crypto assets to Ukraine reach $ 19 million
Donations of crypto assets to Ukraine reach $ 19 million
- According to the blockchain analysis company Elliptic, the Ukrainian government received crypto donations of almost $ 19 million According to reports, Russia also uses crypto to avoid sanctions imposed by western nations
cryptocurrency donations to the government of Ukraine have reached almost $ 19 million according to the blockchain data analysis company Elliptic, since the country continues to oppose an invasion of a much larger Russian state.
The Ukrainian government and other non-governmental organizations (NGOs) that provide military aid have raised up to $ 18.9 million, the company reported in an updated version Blog entry on Sunday.
thousands of crypto donations began to flow into the Ukrainian cash registers when the Russian invasion began, which triggered a humanitarian crisis and was condemned by western powers, including the USA and the EU.
Ironically, Washington reports that there are also sanctions in connection with crypto, for fear that they could be used to it Sanctions imposed by western nations against Russia, including the step of the west on Saturday, large Russian banks from that To get swift interbanking."cryptoassets like Bitcoin have developed into an important alternative crowdfunding method," said Elliptic. "They enable fast, cross -border donations that bypass financial institutions that may block payments to these groups."
Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation tweeted on Sunday, in which large crypto exchanges are requested, addresses of Russian user to lock.
"It is crucial not only to freeze the addresses linked to Russian and Belarusian politicians, but also to sabotage normal users," said Fedorov.
Blockworks tried to contact Elliptic in this regard, but did not receive an answer until the time of going to press.
On February 24, Russia's President Vladimir Putin Troops ordered to eastern Ukraine as part of a "military operation" that followed a week -long circuit by Russian military personnel along the Ukrainian borders.
Please for financial and military support from the President of Ukraine, Wolodymyr Selenskyj Some seem to have been met by the crypto community who attempted Part of the economic costs of the armed conflict in Ukraine.
On Saturday Twitter accounts of the Ukrainian government Appeals to the national community for financial support Crypto donation.
"Located on the side of the people in Ukraine," it says in an official tweet. "Now accept cryptocurrency donations. Bitcoin, Ethereum and Usdt." Donations to the two addresses given in the tweet have received $ 12.1 million over $ 15,947.
This number included a single donation worth $ 1.86 million from NFT sales, which were originally intended to collect donations for the Australian activist Julian Assange, according to the post.
A further 4.94 million US dollars in donations include donations to the Ukrainian NGO Come Back Alive as well as non-fungal token donations such as Z Ziegen soup No. 1189 , said the company. Patreon blocked the crowdfunding page of Come Back Alive on Thursday and claimed that the NGO did this violated its guidelines by collecting funds for military activities.
An NGO is said to have received a single donation worth $ 3 million in Bitcoin, although the company has not expressly stated.
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The contribution Donations of Crypto Assets to Ukraine Reach $ 19m is not a financial advice.