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Crypto donations fund ATVs and gasoline masks for Ukrainian army

Crypto donations fund ATVs and gas masks for Ukrainian military

Ukrainian officers have used funds from the crypto donation platform launched by the federal government to buy provides for the nation’s army amid its ongoing battle with Russia.

In a Friday tweet, Ukraine’s minister of digital transformation, Mykhailo Fedorov, introduced that the nation had bought 5 all-terrain autos, which “will come in handy for a challenging environment” — probably referring to circumstances close to the entrance traces with Russia or the place roads have been broken or destroyed. Funds for 3 of the ATVs originated from Aid for Ukraine, a platform the federal government launched in March that accepts crypto donations “to support people in their fight for freedom.”

At the time of publication, Aid for Ukraine has reportedly raised greater than $60 million in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot’s DOT, Solana’s SOL and USD Coin (USDC). Fedorov reported on Wednesday that the federal government had already used a number of the funds to produce 5,000 gasoline masks to state border guards and the military. Aid for Ukraine has additionally bought greater than 5,000 “optical and thermal imaging devices” for the nation’s army because the battle started; tablets aimed at serving to Ukrainians escaping the nation discover lodging and assist; bulletproof vests; medical provides; autos; and clothes

Related: The Ukraine invasion exhibits why we want crypto regulation

Since the start of the Russian army invasion in February, the Ukrainian authorities has turned to the crypto house many instances as an answer for receiving funds from involved events. Fedorov introduced in April that the federal government would settle for contributions towards the battle effort within the type of nonfungible tokens, or NFTs, which is able to in flip be bought to “contribute to the Ukrainian victory,” and it not too long ago launched a charity NFT assortment with items from Ukraine’s online game builders and digital artists.