With Russia’s invasion continuing, Ukraine has expanded the types of cryptocurrencies it accepts for donations. According to Elliptic, a blockchain analytics company, the Ukrainian government has raised $35 million through crypto-asset donations since the Russian invasion began.
Aside from cryptocurrency donations, Ukraine has also raised some money through war bonds, which have raised about 8.14 billion Ukrainian hryvnias ($270 million).
In the face of Russia’s invasion, Ukraine is accepting dogecoin, Solana and other digital token based on Solana and NFTs . Bitcoin, ether, and the stablecoin, tether were the first cryptocurrencies accepted for donations by Ukraine on Feb. 26.
Since the Russian-Ukrainian war began, cryptocurrencies have played a prominent role. Rumours have circulated that Russians could use cryptocurrencies to escape sanctions, but experts said this could be extremely challenging.
– Nairametrics