Ukraine’s Government Launches Official Website for Cryptocurrency Donations

Ukraine's Government Launches Official Website for Cryptocurrency Donations

The Ukrainian authorities has launched an official cryptocurrency donation web site to boost funds in assist of the Ukrainian armed forces and humanitarian assist packages within the combat towards Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency change FTX.

Government’s Crypto Donation Website Now Live

The Ministry of Digital Transformation of Ukraine introduced Monday that it has launched the official “Aid For Ukraine” web site to boost funds in assist of the Ukrainian armed forces and humanitarian assist packages within the combat towards Russia. The crypto donation platform is in partnership with staking service supplier Everstake and cryptocurrency change FTX.

Mykhailo Fedorov, vice prime minister of Ukraine, tweeted Monday confirming that the official web site the place anybody around the globe could make cryptocurrency donations to Ukraine has gone reside.

The new donation web site describes, “Aid For Ukraine is cooperating with the cryptocurrency change FTX which converts crypto funds obtained into fiat and sends the donations to the National Bank of Ukraine,” elaborating:

This marks the first-ever occasion of a cryptocurrency change instantly cooperating with a public monetary entity to offer a conduit for crypto donations.

The Aid For Ukraine web site lists crypto addresses in addition to checking account data for the federal government of Ukraine for donation. Donors can ship a number of cryptocurrencies, together with bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR). The Ukrainian authorities additionally accepts fiat donations in USD, EUR, GBP, AUD, and CAD.

At the time of writing, the donation web site signifies that over $50 million have been raised by the neighborhood.

The Ministry of Digital Transformation of Ukraine additional defined that the funds raised might be spent on army gear in addition to “informational counteraction to Russian propaganda” and a “international communication marketing campaign on true occasions in Ukraine.”

The funds may also be utilized in “cybersecurity and digital infrastructure restoration, offering further safety and migration of registers, [and the] buy of technical particular gear and amenities,” the ministry famous.

Earlier this month, Alex Bornyakov, Ukraine’s deputy minister of digital transformation, revealed that his authorities has spent $15 million in donated cryptocurrency on army provides, together with bulletproof vests.

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