Crypto Flow To Ukraine Continues

Crypto flow to Ukraine continues. Cryptocurrency donations made to the country has exceeded $60 million.

The call of the Russian-occupied Ukraine to the cryptocurrency community resonated, and since the first day, there has been a rain of donations that has exceeded expectations. A significant accumulation was achieved in cryptocurrency wallets. More than $60 million has been raised to date in cryptocurrency donations managed through the Ministry of Digital Transformation of Ukraine. It is stated that due to the volatility of the market, authorities dispose of donations quickly and spend them for needs. It is noted that an expenditure of 15 million dollars has been made so far. With this money, fuel, food, bulletproof vests, weapons and equipment were purchased. A team of 5 people is authorized to approve these expenditures. It is stated that the team is hiding in a safe shelter. The help is pleasing, but on the other hand, a problem arises. Spending incoming cryptocurrency donations creates constant selling pressure. In the already volatile market, these sales cause some cryptocurrencies to show high decreases from time to time. Apart from that, 300 million dollars of aid has reached the Ukrainian banks, and especially expenditures are made for support forces in the style of mercenaries.