Fun

Ukraine’s Government Launches Official Website for Cryptocurrency Donations

News Feed - 2022-03-16 09:03:19

Ukraine"s Government Launches Official Website for Cryptocurrency Donations


The Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX. Government’s Crypto Donation Website Now Live


The Ministry of Digital Transformation of Ukraine announced Monday that it has launched the official “Aid For Ukraine” website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The crypto donation platform is in partnership with staking service provider Everstake and cryptocurrency exchange FTX.


Mykhailo Fedorov, vice prime minister of Ukraine, tweeted Monday confirming that the official website where anyone around the world can make cryptocurrency donations to Ukraine has gone live.



The new donation website describes, “Aid For Ukraine is cooperating with the cryptocurrency exchange FTX which converts crypto funds received into fiat and sends the donations to the National Bank of Ukraine,” elaborating: This marks the first-ever instance of a cryptocurrency exchange directly cooperating with a public financial entity to provide a conduit for crypto donations.


The Aid For Ukraine website lists crypto addresses as well as bank account information for the government of Ukraine for donation. Donors can send several cryptocurrencies, including bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR). The Ukrainian government also accepts fiat donations in USD, EUR, GBP, AUD, and CAD.


At the time of writing, the donation site indicates that over $50 million have been raised by the community.



The Ministry of Digital Transformation of Ukraine further explained that the funds raised will be spent on military equipment as well as “informational counteraction to Russian propaganda” and a “global communication campaign on true events in Ukraine.”


The funds will also be used in “cybersecurity and digital infrastructure recovery, providing additional protection and migration of registers, [and the] purchase of technical special equipment and facilities,” the ministry noted.


Earlier this month, Alex Bornyakov, Ukraine’s deputy minister of digital transformation, revealed that his government has spent $15 million in donated cryptocurrency on military supplies, including bulletproof vests. Tags in this story Bitcoin Donations, Crypto Donations, Cryptocurrency Donations, donating to Ukrainian, donations to Ukraine, how to donate to Ukraine, Ministry of digital transformation, Ukraine, Ukrainian Government


What do you think about the Ukrainian government launching a cryptocurrency donation website? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Skybridge Capital Founder: Bitcoin Will Be Legal Tender in Many Latin American Countries FEATURED | 1 day ago Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations FEATURED | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleInvestors Inject $450 Million Into Consensys, Ethereum Incubator Now Valued at $7 Billion Next articleIndia Targets 700 Crypto Investors for Non-Payment of Taxes: Report Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItVenezuela Might Be Affected by Russian Banks" SWIFT Suspension


Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also ... read more.EU Data Act Proposes Shutdown Function for Smart Contracts Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO

News Feed

Barstool Sports Blog Founder Dave Portnoy Spends a ‘Cool Million’ on 29 Bitcoin
Barstool Sports Blog Founder Dave Portnoy Spends a "Cool Million" on 29 Bitcoin The founder of Barstool Sports blog, Dave Portnoy, announced he purchased 29 bitcoin on January 28,
Bitcoin STH Average Cost Basis At $90,950 — Why Is It Relevant?
Este artículo también está disponible en español. The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indeci
Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals
Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals With a war raging in their homeland, thousands of Ukrainians, including many involved in
VWAPs Don’t Lie—XRP Faces Judgment Day At Monthly Support
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Popular BTM Operator: Bitcoin of America Continues Rapid Expansion in 2022
Popular BTM Operator: Bitcoin of America Continues Rapid Expansion in 2022 sponsored Bitcoin of America is a popular virtual currency exchange, registered as a money services busine
Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates
Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypt
Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
‘Boomer Generation’ In for a Rude Awakening – Macro Economist Predicts $1M Bitcoin by 2025
"Boomer Generation" In for a Rude Awakening - Macro Economist Predicts $1M Bitcoin by 2025 Just recently, a report from Global Macro Investor (GMI) called “The Unfolding&rdquo
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Ciaran Lyons2 hours agoBitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’If Bitcoin fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken, but so
MicroStrategy Makes Record $4.6 Billion Bitcoin Purchase, Largest Yet
Este artículo también está disponible en español. Business intelligence firm MicroStrategy has ramped up its Bitcoin (BTC) investment following President-elect Donald Tru
El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin
El Salvador"s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz.
Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%
Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76% A study undertaken by two assistant professors at American University in Cairo (AUC) has suggested th