How Bitcoin Saves People In Ukraine During Wartime
As legacy financial rails have broken down amid Russia’s invasion of Ukraine, Bitcoin is proving to be a critical lifeline for Ukrainian people.The article describes Bitcoin’s role in the Ukrainian economy during wartime. Although Russia’s unprecedented aggression has caused serious threats to people’s lives and national security, Bitcoin offers a reliable solution. Despite the banking system not working properly, Ukrainians are still able to support their army and each other. As Bitcoin is legal in Ukraine, both government officials and citizens can reliably count on it on a daily basis.....
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War. That dreadful word. Breaks borders, lives, properties, and wealth. Since it began in Ukraine, cryptos have managed to be at the forefront of the war. Since Russia invaded Ukraine in a countrywide military attack on February 24, governments and individuals throughout the world have been contributing weapons and money to help Ukraine survive. A […]
In response to the military crisis in Ukraine, Binance Charity has committed $10 million to major Intergovernmental Organizations and local NGOs, including UNICEF, UNHCR, the UN Refugee Agency, iSans and People in Need. They also launched a crypto-first crowdfunding site, Ukraine Emergency Relief Fund to allow people to donate crypto to help provide emergency relief to refugees and children and to support logistics on the ground such as food, fuel and supplies. Helen Hai is the Head of Binance Charity. She recently joined the Bitcoin.com News Podcast to talk about organization’s....
Ukraine is currently undergoing turbulence and instability due to the Russian invasion. The disagreement between the two countries could be traced back to 2014 in the Revolution of Dignity. This is primarily after Russia annexes Crimea from Ukraine. Furthermore, Russia has fronted another invasion of Ukraine on 24 February 2022. The war between Ukraine and […]
Legislators have given their nod to the Ukraine crypto bill, making the use of crypto assets in the country easier as Ukraine teeters on the verge of a military confrontation with Russia. With 272 votes, the Ukrainian parliament gave its thumbs-up for the Law of Ukraine on Digital Assets. The measure required only 226 affirmative […]
The growth of bitcoin adoption in Ukraine offers a template for other countries where people seek dependable stores of value.