• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Join Lightchain AI
No Result
View All Result
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted

Ukraine Says It has Received Crypto Donation Requests, Is Crypto Good For War?

Anifowoshe Ibrahim
by Anifowoshe Ibrahim
3 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Russia has launched a full-scale invasion of Ukraine on many fronts on Thursday, leading the Ukrainian government to mobilize troops, arm citizens, and appeal to foreign leaders for assistance.

As world leaders have warned for weeks, Russian President Vladimir Putin has started a “unprovoked and unjustified attack” on Ukraine, according to US President Joe Biden.

With worries of mass casualties, the military action has sparked international condemnation, and many individuals are eager to help the Ukrainian people in some way, with donations going to medical supplies, humanitarian relief, psychiatric services, military equipment, and other causes.

In response, Ukraine’s Ministry of Defense has created a designated bank account for foreign currency wire transfers to accept donations for its armed forces.

We Can’t Accept Crypto

The Ministry of Defense of Ukraine stated that it has received several requests from foreigners to donate to its Armed Forces, but that it is unable to accept cryptocurrency. However, one section of the document appears to have piqued the interest of social media users:

“National legislation does not allow the Ministry of Defense of Ukraine to use other payment systems (“Webmoney,” “Bitcoin,” “PayPal,” etc.)”

Related Article | Bitcoin Price Plummets As Russia-Ukraine Tensions Escalate

Crypto fans flocked to the Ukrainian government’s Twitter account, where the link had been provided, to request that digital currency donations be accepted. User TechLeakers, for example, wrote: “Get a Bitcoin cryptocurrency address. So it will be accepted globally.” Some, however, were concerned about the possibility of the Ukrainian Armed Forces accepting cryptocurrency donations, with MMusikwolf wrote:

Do not donate crypto. The value fluctuates too much for it to be useful in this sense. [Fiat] Money has the highest liquidity of any asset and thus can be used fastest.

Others, like BiggieWhale, swiftly pointed out that stablecoin digital currencies like USDT are tethered to the US dollar and hence do not experience the same kind of price fluctuation. BTC donations are presently accepted by at least one Ukrainian non-governmental group, Come Back Alive, with proceeds going to the Ukrainian Army.

Crypto Good For Ukraine?

Last week, Ukraine legalized cryptocurrencies, even as tensions with Russia roiled global markets owing to fears of a larger conflict, with more than 100,000 Russian troops were stationed near the Ukrainian border.

Ukraine Vice Prime Minister Mykhailo Fedorov said on Twitter:

“Ukraine is already in top-5 countries on cryptocurrency usage. Today we made one more step forward: Parliament adopted law on virtual assets! This will legalize crypto exchangers and cryptocurrencies, and Ukrainians could protect their assets from possible abuse or fraud,”

Bitcoin donations have skyrocketed to Ukrainian volunteer and hacking groups, some of which have supplied weaponry to government forces. According to a research that shows such groups collected more than $550,000 in cryptocurrency in 2021.

Related Article | Ukraine Crypto: Lawmakers Legalize Cryptocurrencies As Fears Of Russian Attack Grow

According to Elliptic, a blockchain research firm, digital currencies are becoming more important as a fundraising tool for volunteer groups supporting Ukraine’s government as worries of an attack by Russian soldiers massed near its border mount.

“Cryptocurrency has proved to be a robust and growing alternative (to traditional currency) – especially when it comes to donations from other countries,” Elliptic said.

Ukraine

Crypto market cap crash to $1.5 Trillion. Source: TradingView

Global assets and foreign currency values, including the value of Bitcoin and the Ukrainian Hryvnia, are currently undergoing significant selloffs as a result of Russia’s military advance.

The subject of currency destabilization in Eastern Europe as a result of the invasion was addressed by FTX CEO Sam Bankman-Fried. Bankman-Fried wrote in a lengthy Twitter thread:

“If you were in Ukraine right now, where would you trust your money?” He also said: “And more importantly, there might be war. That’s really bad for the world. Fuck all this price stuff. Go outside and do something nice for someone.“

 Featured image from Pixabay and Chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anifowoshe Ibrahim

Anifowoshe Ibrahim

Follow

Full Profile

Related Posts

crypto

Crypto Gets An Upgrade? Japan To Label It As A Financial Product

2 months ago
Top 5 Crypto Presales to Keep an Eye on in January 2025

Top 5 Crypto Presales to Keep an Eye on in January 2025

4 months ago
this-new-cryptocurrency-set-to-13x

This New Cryptocurrency Set to 13x According to Analysts

4 months ago
6 Meme Coins Making Waves This Week

6 Meme Coins Making Waves This Week

4 months ago
Musk Makes Memes Great Again – As PEPE Surges, WEPE to Follow?

Musk Makes Memes Great Again – As PEPE Surges, WEPE to Follow?

5 months ago
STARS Token Surges 22% With Pending CEX Listings

Meme Coin Price Surge Predicted for Crypto All-Stars Following CEX Listing News, $STARS Token Climbs 22%

5 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • DOGE Price Prediction: How to Earn $12,000 a Day with SAVVY...

    2 minutes ago
  • Earn $8,000 a day – Users can obtain USDC in real...

    1 hour ago
  • Trump Supports XRP — Holders Can Now Earn $9,977 a Day

    2 hours ago
  • Winner Mining offers a user-friendly cloud mining platform...

    5 hours ago
  • Solana (SOL) Holders Join ALL4 Mining Cloud Mining Service...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Join Lightchain AI

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.