Ukraine has taken in at least $100 million in crypto donations this year, but what have officials in Kiev done with the money?

More reasons as to why the crypto world is a shady deal…

buy at your own risk!!!

Every little BTC helps
Two days after the start of Russia’s military operation, Ukraine’s Deputy Prime Minister and Minister of Digital Transformation Mikhail Fedorov announced cryptocurrency fundraising to support the country. Kiev accepted almost all major denominations: Bitcoin, Ethereum, Tether, a number of lesser-known types, and even NFTs.

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At the time, the decision to accept crypto, to “help Ukrainian fighters”, appeared innocuous. The Russian offensive was rapid and it seemed as though Western aid, although large-scale, would not arrive in time.

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Cryptocurrencies are an ideal tool in this respect: With a few clicks you can transfer millions of dollars to almost any country in the world, theoretically bypassing banking supervision or the attention of law enforcement. Ukrainian officials clearly expected to attract money not only from the governments of the United States and the European Union but also from concerned citizens familiar crypto. And they succeeded.

www.rt.com/russia/563261-every-little-btc-helps/

 

h/t Barry Miacockener

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