Ukraine has received a total of "close to $100 million" in crypto donations, according to Alex Bornyakov, Ukraine’s deputy minister at the Ministry of Digital Transformation and the de facto crypto spokesperson of the government.
- Speaking in an emergency online briefing entitled "Digital Resistance: How Ukraine Is Leveraging Technology to Fight for Freedom," Bornyakov said that more than $60 million of the $100 million was received in the main fund run by Kuna, the Ukrainian crypto exchange.
- The rest of the money has been sent to several other smaller funds, Bornyakov indicated.
- Asked by CoinDesk if Ukrainian President Volodymyr Zelensky had a view on the role of crypto in the war, Bornyakov said that while Zelensky has not said anything to him about the crypto fund specifically, "he shares our vision" that the use of crypto could be a "breakthrough from an economic standpoint" and that "we have the total support of the president at this point."
- Bornyakov said he did not know if anyone in the American government had spoken to anyone in the Ukrainian government about the role of crypto in the war.
- In an interview on CoinDesk TV's "First Mover/" on Tuesday, Bornyakov repeated his request that crypto businesses cut services to Russian users as part of an unprecedented effort to cut Russia off from the global financial system.
- The funds sent to Kuna are reportedly being spent on non-lethal equipment, including fuel, food and bulletproof vests for soldiers, Kuna's founder Michael Chobanian told CoinDesk in an interview last week.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.