Ukraine Receives $13 million in Cryptos.

Cryptocurrencies are playing an unprecedented role in the Ukraine-Russia crisis. At least $13 million has been sent to digital wallets owned by the Ukraine government following appeals on Twitter.

While nations like El Salvador have embraced cryptocurrencies, this is the first time direct donations of this kind have funded a world government.

Following an initial Tweet from the Ukranian government’s official account, Vice-President Mykhailo Fedorov published digital wallet addresses for coins like Bitcoin and Ether.

He wrote: “Stand with the people of Ukraine. Now accepting cryptocurrency donations.” 

According to blockchain analysis firm Elliptic, by Monday morning donations had reached $12.8 million from at least 17,300 addresses.

The Reserve Fund of Ukraine appears to be the biggest recipient, which is backed by the country’s native cryptocurrency exchange called Kuna.

The Reserve Fund’s official Telegram channel also confirmed $13 million had been raised through BTC, ETH and USDT.

Meanwhile, non-government organisation Come Back Alive has announced donations over $7.2 million in BTC donations to its wallet address.

The charity began accepting donations following the war in Donbas in 2014, and this figure is believed to include funds since that time.

Russian feminist protest group Pussy Riot are also involved in crypto resistance with member Nadya Tolokonnikova putting up for auction an NFT Ukranian flag currently the highest bid at $2.89 million.


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