Ukraine Explains How Crypto Donations Are Used

Ukraine reveals for the first time exactly how crypto donations made against the Russian occupation are used
 Ukraine Explains How Crypto Donations Are Used
READING NOW Ukraine Explains How Crypto Donations Are Used

Ukraine for the first time disclosed exactly how crypto donations made against the Russian occupation were used.

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Ukraine’s Deputy Minister of Digital Transformation and the de facto crypto spokesperson of the government, Alex Bornyakov, shared the details of how crypto donations are used on his Twitter account.

Bornyakov announced that as of March 1, crypto donations have received 5,500 steel vests, 410,000 packed lunches, 500 ballistic plates for bulletproof vests, 3,125 thermal cameras and optics, 500 helmets, 3,427 drugs and 60 radios.

“Crypto-assets have been extremely helpful in facilitating the flow of funds to the Amed Forces of Ukraine.

A big thank you to everyone who donated to the Ukraine Crypto Fund. Every helmet and vest purchased with crypto donations currently saves the lives of Ukrainian soldiers”

Bornykov said this week that Ukraine received close to $100 million in crypto donations and the funds were used to purchase non-lethal military equipment.

Bornyakov previously stated that some arms suppliers accept direct crypto payments, but could not disclose which military equipment was purchased due to national security concerns.

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