Ukraine will now accept bitcoin, ETH, and USDT donations after initially rejecting them, according to the country’s official Twitter account.
For legal reasons, the country’s military said it couldn’t accept crypto, a prohibition that still appears on the Ministry of Defense’s Ukrainian-language website. People who had cryptocurrency instead donated to Come Back Alive, a nonprofit that supports the Ukrainian military and accepts bitcoin. Ukraine’s tweet included a crypto wallet address that was not the same as Come Back Alive’s.
Ukraine has received approximately 9.9 bitcoin (roughly $390,000) and approximately 117 ether (roughly $320,000), as well as a small amount of other crypto coins, as of Saturday morning.
Ukraine has taken steps to safeguard digital currency transactions against fraud and abuse. The country’s parliament passed a bill legalizing cryptocurrency earlier this month, but it still does not recognize bitcoin or other forms of cryptocurrency as legal tender. Russia, on the other hand, can’t decide whether to ban or regulate cryptocurrency.
The cryptowar and the information war are colliding. Ukraine appears to have removed its first post announcing that it would accept cryptocurrency.
