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Ukraine close to $100M crypto donation

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Ukraine close to $100M crypto donation 13

According to the Deputy Minister of the Ministry of Digital Transformation, the use of the crypto by the President of Ukraine “shared our vision”, could be an “economic breakthrough.

According to Alex Bornyakov, Ukraine’s deputy minister in the Ministry of Digital Transformation and a representative of the de facto crypto, Ukraine has received “close to 100 million” in total crypto donations.

While speaking at an emergency online briefing entitled “Digital Resistance: How Ukraine Uses Technology for Independence“, Bornyakov said the Ukrainian crypto exchange received more than $60 million out of $100 million of the major funds maintained by Kuna.

The rest of the pending money was sent to several other small funds, Borneakov pointed out.

To raise additional funds, the ministry is now working with two companies that are designing an NFT collection that could be ready in less than two weeks, and would raise funds for the Ukrainian war effort, Bornyakov said. It’s still up in the air if the edition will be limited, and what the NFTs will look like.

When asked if there were any comments to Ukrainian President Volodymyr Zelensky on the role of cryptocurrencies in the war, Bornyakov said he “shared our view” that cryptocurrencies could be used for “progress from an economic point of view“, although he did not say anything specifically about cryptocurrencies. “We have the full support of the President at this time.

Bornyakov said he did not know if anyone in the US government had spoken with the Ukrainian government about the role of crypto in the war.

In an interview on Tuesday, Bornyakov reiterated his call for cryptocurrencies to cut services to Russian consumers as part of an unprecedented effort to cut Russia off from the global economy.

Furthermore, Kuna founder Michael Chobanian said in an interview that the money sent to Kuna will be spent on non-lethal equipment such as fuel, food, and bulletproof vests for soldiers.

Read also: ARK Invest CEO says Financial Revolution Is Defi

Ukraine close to $100M crypto donation

 

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