NEW: Ukraine has weaponized crypto and the operation involves one exchange, two ministries, five signatories and several bureaucrats as key players, deputy minister abornyakov tells CoinDesk. amitoj reports
Ukrainian flag patch affixed to flak vest in Odessa, Ukraine.
Ukraine’s de facto crypto ministry, the Ministry of Digital Transformation, is facilitating the buying of military equipment based on the demands of the Ministry of Defense, said Alex Bornyakov, the deputy minister at the ministry. The operation involves Kuna, the Ukrainian exchange that set up the donation addresses; two ministries; five signatories and several other government officials as key players.
“I cannot say who controls the multi-sig wallet since it is a security matter,” he said. “We moved to a safe location because it is impossible. A couple of times a day there are airstrikes, sirens, so we have to go in the shelter, the bombings, it’s complicated,” Bornyakov said. Ukraine’s President Volodymyr Zelenskyy, who has emerged as a rallying figure for the country, does not seem to be involved in these purchases.
“Right now we can’t just put a list of what we bought because the enemy is watching,” Bornyakov said. Ukraine’s government has asked eight different exchanges to freeze Russian accounts. So far, only some have responded directly, Bornyakov said, though he did not identify these exchanges.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pushing Russia out of crypto one country at a time: Singapore, Switzerland and Japan will join in the sanctionsUkraine’s call on banning Russians from the crypto market was rejected by crypto exchange giants like Binance and Coinbase unless law required it.
Read more »
Will bitcoin help or hinder Ukraine's fight against Russian invasion?Cryptocurrencies like bitcoin are being used to raise funds to buy weapons for Ukraine, help refugees swiftly carry money across borders and potentially even aid Russians in evading sanctions
Read more »
Ukraine Uses Donated Crypto to Pay for Military Supplies — Government Says $50 Million in Crypto Raised in a Week – Featured Bitcoin NewsThe Ukrainian government announces that $50 million in cryptocurrency was raised within a week since Russia began its invasion of Ukraine. The government has so far spent $15 million in donated cryptocurrency to buy military supplies.
Read more »
Ukraine Is Winning the Information War With Russia“If you think that social networks can only be used for bad, then I think the situation in Ukraine should give you reason to reflect,” says Casey Newton.
Read more »
Ukraine Crypto Donations: Government Now Accepts Over 70 Crypto Assets – Featured Bitcoin NewsThe widening of the list of crypto assets that can be donated comes just a few days after the government acceded to Polkadot founder Gavin Wood’s pleas. cryptodonations cryptoassets
Read more »
Singapore to Impose Restrictions on Russian Financial and Crypto Transactions – Bitcoin NewsIn a rare move, Singapore is going to introduce restrictions on Russia’s financial and cryptocurrency operations, among other sanctions.
Read more »