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Ukraine clarifies the purposes of crypto donations

Ukraine has revealed for the first time how cryptocurrency contributions were used to help its resistance against Russia’s invasion. In a tweet on Friday, Alex Bornyakov, Ukraine’s Deputy Minister in the Ministry of Digital Transformation and the government’s de facto crypto spokesman, revealed the information.

According to Bornyakov, the war-torn country has used cryptocurrency contributions to purchase 5,500 bulletproof jackets, 410,000 packed lunches, 500 ballistic plates for bulletproof vests, 3,125 thermal imagers and optics, 500 helmets, 3,427 pharmaceuticals, and 60 walkie-talkies from March 1. 

Bornyakov said, “Crypto-assets were highly useful in facilitating financing transfers to Ukraine’s Amed Forces.” “Thank you very much to everyone who contributed to the Crypto Fund of Ukraine. Each helmet and vest purchased with cryptocurrency contributions is currently protecting the lives of Ukrainian troops, “he said.

Bornyakov said this week that Ukraine received about $100 million in cryptocurrency contributions, which were used to purchase non-lethal military equipment, among other things. Bornyakov previously said that some of Ukraine’s arms vendors accept cryptocurrency payments directly, but that he couldn’t reveal what military equipment was purchased due to national security concerns.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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