Crypto Donations Pour into Ukraine - Here's How You Can Contribute
Cryptoassets are proving themselves to be a useful method to raise money for organizations in Ukraine, as banks implement new restrictive measures and at least one fiat-based fundraising service has suspended donations to a Ukrainian non-profit.
Given the current situation on the ground in Ukraine, there is no shortage of non-profit organizations and charities that are raising money in support of the Ukrainian people. So far, however, not everyone is accepting crypto, although the number of those who do is growing by the day as a result of the circumstances making fiat-based transfers more difficult.
Notably, new measures introduced by the National Bank of Ukraine – the country’s central bank – have made it significantly more difficult for Ukrainian organizations to rely on banks and traditional fiat-based money transfer systems.
Among the new rules is an order to suspend the issuance of e-money and the replenishment of electronic wallets with e-money. In addition, the country’s foreign exchange market has been suspended, with the official exchange rate for the national currency now fixed, while cash withdrawals have been limited to 100,000 Ukrainian hryvnia (USD 3,339) per day.
As an alternative, some in Ukraine, as well as people abroad who are seeking to support the country have turned to crypto as a more effective solution.
Based on a review done by Cryptonews.com, the following Ukrainian organizations accept bitcoin (BTC) or other cryptoassets for donations (the list may grow as we discover more organizations):
In addition to these established organizations, members of the crypto community have in recent days joined forces to set up the following crypto-native organizations in support of Ukraine:
Additionally, several
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