Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov has reasserted his support for cryptocurrencies on his Twitter account, saying they were “essential” for the country’s war against Russia.
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. https://t.co/Zhu93vso5T
— Alex Bornyakov (@abornyakov) July 26, 2022
Bornyakov’s tweeted in response to national media outlet The Kyiv Independent, which noted that despite the cryptocurrency crash, Ukraine continued to receive crypto donations for the country’s military and humanitarian aid.
As Cryptopotato previously reported, the country started accepting crypto donations in early 2022. As of today, just the Ministry of Digital Transformation of Ukraine has raised over $60 million in donations via BTC, ETH, USDT, DOT, SOL, and USDC on the Aid for Ukraine website.
Additionally, the Ukrainian government has used non-fungible tokens (NFT) to raise even more money for its military operations, creating the “Meta History: Museum of War,” a virtual museum where artists showcase the latest events of the Russia-Ukraine war. These moments are immortalized in NFTs that can be mined by the highest bidder.