Millions of dollars worth of cryptocurrency donated to Ukraine, Russia has been working to bring cryptocurrencies under the purview of the European Union, the United Kingdom, and the United States since the Ukraine war. It has been more than a month and a half since the Russian invasion of Ukraine, but because of this invasion, Ukraine is not taking the name of stopping the rain of cryptocurrencies in aid.
Last month, Binance, one of the world’s largest cryptocurrency exchanges, donated 2.5 million worth of cryptocurrency to help Ukrainian children affected by the UN agency UNICEF Kajang. Binance had earlier donated 10 million dollars worth of cryptocurrency to war-torn Ukraine.
Ethereum, the world’s second-largest digital currency after the bankruptcy, has also donated 2.5 million worth of cryptocurrency to help Ukraine. Ethereum co-founder Vitalik Butrin has sent 700 Ethereum to help Ukrainian citizens.
Ukraine has been receiving generous support from the cryptocurrency community since the February 24 Korosi attack. So far, Ukraine has received more than 133 million in cryptocurrency donations, which are increasing day by day. In early March, the most popular US cryptocurrency exchange, Kraken, announced a unique $10 million aid package for Ukrainian citizens.
Under the aid package, Kraken decided to donate cryptocurrency from Russian accounts in the first half of the current fiscal year in the form of transaction fees. To help Ukrainian citizens, Kraken has come up with a unique way of announcing a bitcoin equivalent of $1,000 to a Hryokrin citizen who opened an account on the Kraken platform before March 9.
While the needy consumers were also provided the facility to cash in the currency without any exchange crack credit.