Ukraine Uses Donated Crypto to Pay for Military Supplies — Government Says $50 Million in Crypto Raised in a Week – Featured Bitcoin News - BitcoinEthereumNews.com
The Ukrainian government anounces that $50 million in cryptocurrency was raised within a week since Russia began its invasion of Ukraine. The government has so far spent $15 million in donated cryptocurrency to buy military supplies.n Ukraine Government Spends $15 Million in Crypto on Military Supplies Alex Bornyakov, Ukraines deputy minister of digital transformation, revealed Friday that his government has spent $15 million in donated cryptocurrency on military supplies, including bulletproof vests, Bloomberg reported. In a Zoom interview from an undisclosed location in Ukraine, he confirmed that the purchased military gear was delivered Friday. Many people have donated cryptocurrency to the Ukrainian government since the war with Russia began. Mykhailo Fedorov, the vice prime minister of Ukraine and the minister of digital transformation, tweeted Friday that the Ukrainian government raised $50 million in cryptocurrency within one week. Most of the donations were in bitcoin (BTC) and ether (ETH). Now, he aims to double the funds raised to $100 million. Bornyakov similarly said that the Ukrainian government expects to double its $50 million in cryptocurrency donations in the next two to three days, Bloomberg conveyed. He revealed that two days after Russia began its invasion of Ukraine, his ministry found suppliers in the U.S. and Europe for