Ukrainian Government Launches Official Website for Cryptocurrency Donations – Featured Bitcoin News

The Ukrainian government has launched an official cryptocurrency donation website to raise funds for 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.

The government’s crypto donation website is now live

The Ministry of Digital Transformation of Ukraine announced on Monday that it had launched the “Help for Ukraine” Website to raise funds for the Ukrainian Armed Forces and humanitarian aid programs in the fight against Russia. The crypto donation platform is partnered with staking service provider Everstake and cryptocurrency exchange FTX.

Mykhailo Fedorov, Deputy Prime Minister of Ukraine, tweeted on Monday confirming that the official website where anyone in the world can donate cryptocurrency to Ukraine has gone live.

The new donation website describes: “Aid For Ukraine cooperates with FTX cryptocurrency exchange which converts received crypto funds into fiat and sends donations to the National Bank of Ukraine”, stating:

It is the first-ever instance of a cryptocurrency exchange cooperating directly with a public financial entity to provide a conduit for crypto donations.

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

At the time of this writing, the donations site says more than $50 million has been raised by the community.

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

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

Earlier this month, Alex Bornyakov, Ukraine’s deputy minister of digital transformation, revealed that his government had spent $15 million in cryptocurrency on military supplies, including body armor.

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

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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