On Friday, the Ukrainian government solicited donations of the cryptocurrencies bitcoin, ether and tether to aid in its war effort against Russia. The Ukrainian government, along with non-government groups, have raised more than $20 million in donations.
The Ukrainian government, along with non-government groups backing the besieged nation, have raised more than $20 million in donations of cryptocurrencies, according to a Monday analysis published by blockchain analytics firm Elliptic.
As of midday Monday, donations to the Ukrainian crypto wallets reached more than $12.5 million, according to a website created Jerry Brito, executive director of the crypto advocacy group Coin Center, to track donations to those wallets. Donations to non-government organizations like Come Back Alive, which support the Ukrainian war effort, have put the total number of crypto donations at $20.9 million, according to Elliptic’s analysis.
“What I love about this is that given crypto’s nature, anyone in the world can pitch in — even people in Russia or China,” Brito wrote in a Monday newsletter.
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