The Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX.
The government’s crypto donation website is now live
The Ministry of Digital Transformation of Ukraine announced on Monday that it has launched the official website “Aid For Ukraine” to raise funds in support of the Ukrainian Armed Forces and humanitarian aid programs in the fight against Russia. The crypto donation platform is partnered with staking service provider Everstake and cryptocurrency exchange FTX.
Mykhailo Fedorov, vice prime minister of Ukraine, tweeted Monday confirming that the official website where anyone around the world can make cryptocurrency donations to Ukraine has gone live.
The new donation website describes: “Aid For Ukraine cooperates with FTX cryptocurrency exchange which converts received crypto funds into fiat and sends donations to the National Bank of Ukraine”, stating:
This marks the first-ever instance of a cryptocurrency exchange directly cooperating with a public financial entity to provide a conduit for crypto donations.
The Aid For Ukraine website lists crypto addresses as well as Ukrainian government bank account information for donations. Donors can send multiple cryptocurrencies, including bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR). The Ukrainian government also accepts trust donations in USD, EUR, GBP, AUD and CAD.
At the time of writing, the donation site indicates that over $50 million have been raised by the community.
The Ministry of Digital Transformation of Ukraine further explained that the collected funds will be spent on military equipment as well as “informational fight against Russian propaganda” and a “global communication campaign on real events in Ukraine. “.
The funds will also be used in “cybersecurity and digital infrastructure recovery, providing additional protection and migration of registers, [and the] purchase of technical special equipment and facilities,” the ministry noted.
Earlier this month, Alex Bornyakov, Ukraine’s deputy minister of digital transformation, revealed that his government had spent $15 million in cryptocurrency on military supplies, including body armor.
