To raise money for the Ukrainian Armed Forces and aid programs against Russia, the Ukrainian government launched a cryptocurrency donation site. This donation platform was created in collaboration with Everstake and the Ministry of Digital Transformation of Ukraine.
Government’s Crypto Donation Website Now Live
The Ministry of Digital Transformation of Ukraine announced Monday that it has launched the official “Aid For Ukraine” website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. In partnership with Everstake cryptocurrency exchange FTX, the crypto donation platform will be available.
Mykhailo Fedorov (Vice Prime Minister of Ukraine) tweeted Monday to confirm that Ukraine’s official website has been made available for cryptocurrency donations.
The new donation website describes, “Aid For Ukraine is cooperating with the cryptocurrency exchange FTX which converts crypto funds received into fiat and sends the donations to the National Bank of Ukraine,” elaborating:
This is the first time that a cryptocurrency exchange has partnered with a public entity in order to facilitate crypto donations.
Aid For Ukraine has a list of crypto addresses, as well as information about bank accounts for donations to the government. You can send cryptocurrencies such as bitcoin (BTC), monero(XMR), ethereum [ETH], tether [USDT], polkadot] and solana (SOL) to the government of Ukraine. Fiat donations to Ukraine are accepted in USD, EUR and GBP as well as AUD.
The donation website indicates that more than $50 million has been raised as of the writing.
The Ministry of Digital Transformation of Ukraine further explained that the funds raised will be spent on military equipment as well as “informational counteraction to Russian propaganda” and a “global communication campaign on true events in Ukraine.”
The funds will also be used in “cybersecurity and digital infrastructure recovery, providing additional protection and migration of registers, [and the] purchase of technical special equipment and facilities,” the ministry noted.
Earlier this month, Alex Bornyakov, Ukraine’s deputy minister of digital transformation, revealed that his government has spent $15 million in donated cryptocurrency on military supplies, including bulletproof vests.
How do you feel about the Ukrainian government setting up a website for cryptocurrency donations? Comment below.
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