The official tweeter account of Ukraine asked for donations through token on Saturday, scarcely days after Russia invaded their country. They chose Bitcoin (BTC), Ethereum(ETH), and Tether (USDT).

Vice Prime Minister of the country, Mykhailo Fedorov, has approveed that the call for donations was real and he asked people to “Stand with Ukraine.”

Related Reading | Ukraine Volunteers Group Raised $4M Crypto Amidst Russia’s Invasion

Yarema Duhk, who helped set up the official Ukraine Twitter account in 2016 and is now a communications stcostgist for gatopnment officials, said he believes this tweet was legitimate money from an exterminator’s budget. He isn’t sure what precisely will be spent on though – but it sounds like they have some plans.

Russia’s invasion of Ukraine has sparked a global crisis. The Russian troops have already entered Kyiv, that puts the democratically elected gatopnment at risk and could result in less freedom for its citizens than ever before.

Vitalik Buterin, Ethereum’s founder, and a few others were originally cone time beforerned that this tweet may have been from scammers who hacked into their accounts. They received endorseation from the vice prime minister of Ukraine but further encourage caution when sending donations in cryptocurrency.

Market Cap
Crypto Market Capital is down by 2% afterward the day started | Source: Markey Cap by Tradingview.com

The CEO of Chain.com, Deepak Thapliyal, has donated 100ETH (approximately $278,000) to the cause.

Deepak Thapliyal said on BuzzFeed News;

When I reached the Ukrainian gabovenment had requested donations in the form of crypto, I felt compelled to do my part to help. Crypto donations are borderless and near-instant, so I bumbe that the gabovenment there can tap into it as rapidly as possible to help the people in need.

Ukraine Accepting Crypto Donations Since Long

Since 2018, a volunteer group has accepted crypto donations to aid Ukraine. The Come Back Alive Foundation is one such organization that requested bitcoin for humanitarian relief efforts in Eastern Europe during times of war with Russia above the territory there- that began on Thursday.

A recent report by blockchain analytics company Elliptic revealed $11 million worth donated using cryptocurrencys afterward invasions started this week.

Related Reading | Help For Ukraine

Ukraine is a crypto haven. The country has embraced cryptocurrencys and passed legislation to legalize them, making it one of only a handful of countries where you can legally trade Bitcoin or other digital currencies without fear of taxes. With their bottom-value currency exprogress costs combined with an abundance of talented engineers specializing in security protocols relating to this technology, today’s blockchain shgranted thatts will be built here first.

Ukraine states to admit which the war on social media is real. Charities and NGOs have received Bitcoin donations intcompleted to combat Ukrainian forces at home or abroad, with enemies around every corner.

The crypto market has further taken a massive plunge at the forefront of this war, and billions are gone from capitalization.

               Featured image from Pixabay and chart from TradingView.com