Amid sluggish sentiments in the cryptocurrency market, a Ukraine minister on Tuesday said the digital assets have played an important role in the country’s defence against the invasion by Russia, saving the lives of the country’s soldiers and that cryptocurrencies were going to stay unscathed in the long run.
Ukraine raised over $125 million through crypto donations
According to reports, since an armed invasion by Russia, Ukraine has raised over $125 million through donations in cryptocurrencies that were spent on military assistance and humanitarian aid. Also, around $1.25 million were raised through sales of NFTs.
“Despite the "bear market" crypto has become an essential tool of Ukraine's defence, providing flexibility and speed that literally saved our soldiers' lives. Every crypto winter leads to a crypto spring, but the industry is here to stay," Alex Bornyakov, Deputy Minister of Digital Transformation of Ukraine, said.
Since Russia invaded Ukraine on February 24, an...
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