Russian citizens sending ‘significant amounts’ via crypto to help Ukrainians
Russian citizens who oppose their country’s war against Ukraine are using cryptocurrencies to raise their voices against it.
“Donations to Ukraine range from one dollar to millions,” said Ukraine’s deputy digital minister. Alex Bornyakov Go to Yahoo Finance crypto miles February 2.
“Cryptocurrencies offer, in some cases, a way to send money anonymously.
“The Russian people who donated have sent us significant sums of money. We understand that from within Russia there is no other way to do this than in cryptocurrencies,” he added.
This comment comes almost a year after Russia’s massive military invasion of Ukraine.
Since then, more than 100,000 people have used cryptocurrencies to send aid to Ukraine, one-third of which has been funded by the Ukrainian Crypto Fund, run by Ukraine-based Kuna platform and blockchain firm Everstake. It is supported by the ministry via the Aid initiative. Digital transformation of Ukraine.
Most of the asset donations to Ukraine are Bitcoin, Ethereum, Cardano, Solana, Polkadot, and stablecoins such as USDC and USDT.
“So far, Ukraine has received about 650 Bitcoins and over 10,000 Ethereum, along with a large amount of Polkadot, about $1.8 million Solana, and $2.8 million USDC stablecoin,” Bornyakov said on February 2. I have received it,” he said.