Ukraine launches Cryptocurrency Donation website in collaboration with FTX and Everstake

The Ukrainian government has launched a website in collaboration with crypto companies FTX and Everstake, which will channel donations to the central bank of Ukraine in the face of the devastating invasion of Russia.

On the “Aid for Ukraine” website, users can make donations in 10 cryptocurrencies, including Bitcoin, ether and dogecoin. The price of Bitcoin on March 15 in India at 18:42 was at IST Rs. 30.78 lakh.

“Cryptocurrencies play an important role in the defense of Ukraine,” Oleksandre Borniakov, Ukraine’s deputy minister of digital transformation, said in a statement.

“Active cryptocurrencies have proven to be very valuable in facilitating the flow of funding for Ukrainian citizens and soldiers and in raising awareness and interest in the global public,” he added.

Everstake crypto company, one of the largest in Ukraine, allows users to make donations in other cryptocurrencies not listed on the website.

The site also plans to increase its ability to provide non-fungal tokens (NFTs) in the future.

The Bahamas-based FTX exchange platform, created by US billionaire Sam Bankman-Fried, will convert the funds provided into dollars and channel them to the National Bank of Ukraine.

The Kuna Ukrainian cryptocurrency exchange platform is also part of the initiative.

On the “Aid for Ukraine” site, a follower reported that nearly $ 49 million (about $ 374 million) had been raised from $ 200 million (about $ 1,527 million) by 0230 GMT on Tuesday.

The money will be used to help the Ukrainian military, as well as “citizens in dire need of humanitarian aid”.

Cryptocurrency is a non-regulated digital currency, not a legal tender and subject to market risks. The information provided in this article is not intended to be financial advice, commercial advice or any kind of advice or recommendation offered or accepted by NDTV. NDTV shall not be liable for any losses resulting from investments based on any recommendations, forecasts or other information contained in this article.

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