Ukraine’s cryptocurrency fund raised $50M over past week

In just one week, Ukraine’s cryptocurrency fund has raised $50 million in bitcoin donations to help Ukraine resist Russia.

Deputy Prime Minister – Minister of Digital Transformation of Ukraine Mykhailo Fedorov wrote on Telegram.

“Unbelievable unity amid Putin’s encroachment on freedom and democracy. This week we expect $100 million on the account. Victory is ours!” Fedorov wrote.

As Ukrinform reported, cryptocurrency investors donated more than $22 million to the government of Ukraine and a non-profit organization that supports the military.

Cryptocurrency has enabled Ukraine to raise money without the restrictions imposed by government bureaucracy or some tech platforms policies.

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