Apr 04, 2022 15:04:00

Ukraine succeeds in collecting donations of over 10 billion yen in virtual currency

Since Russia's invasion of Ukraine began, Ukraine has been accepting

donations in cryptocurrencies. An analysis by research firm TRM revealed that Ukraine received about $ 100 million worth of virtual currency five weeks after the start of the invasion by the Russian army.

Aid For Ukraine – Donate Crypto to Ukraine
https://donate.thedigital.gov.ua/

Crypto Helps Ukraine Defend Itself Against Russia's Invasion, Here's How You Can Contribute
https://cryptonews.com/exclusives/crypto-helps-ukraine-defend-itself-against-russias-invasion-heres-how-you-can-contribute.htm

As of February 24, 2022, when the invasion by the Russian army began, Ukraine explained the bank account for donations, but donated in virtual currency as 'donations of virtual currency are not accepted for legal reasons' Was not accepted. However, on February 27, 2022, the official Twitter account of Ukraine released the Bitcoin and Ethereum wallet addresses and began to solicit donations in cryptocurrencies. Immediately after this, donations in virtual currency were sent to Ukraine with a tremendous momentum, and a total of 27.2 million dollars (about 3.1 billion yen) was sent to the NGO 'Come Back Alive' that supports the Ukrainian government and the Ukrainian army in about one day. It was reported that a considerable amount had gathered.

The Ukrainian government has started accepting donations in virtual currencies such as Bitcoin and Ethereum to fight the Russian army, more than 3 billion yen has gathered in an instant and it is exploding further --GIGAZINE

Then, on March 17, 2022, Ukrainian President Volodymyr Zelensky

signed the 'Bill to Legalize Cryptocurrencies' and began to formulate rules regarding the operation of cryptocurrencies. In addition, the Ministry of Digital Transformation of Ukraine has set up a website 'Aid For Ukraine' that summarizes donation methods using virtual currencies, and publishes various types of virtual currency wallet addresses such as Bitcoin, Ethereum, Tether, and Monero.

According to TRM, five weeks after the start of the Russian invasion, the Ukrainian government and NGOs supporting Ukraine received a total of $ 100 million worth of cryptocurrencies. In addition, many NFT arts have been donated to the Ukrainian government, including the NFT art '

CryptoPunk # 5364 ' worth about $ 200,000 (about 24.5 million yen).

The Ukrainian government has launched a sales plan for NFT art with the theme of invasion by Russia, and a list of NFT art can be confirmed on the official website '

META HISTORY: Museum of War '.

Ukrainian government sells Russian invasion as NFT art-GIGAZINE