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Ukraine Buys Military Gear With Donated Cryptocurrencies

  • Bornyakov expects crypto donations to reach $100 million soon
  • The country has been getting donations in Bitcoin, Ether
Bloomberg business news
Ukraine Has Collected $31 Million in Crypto Donations
Updated on

Ukraine has already spent $15 million of the donations it received in cryptocurrencies on military supplies, including bulletproof vests that were delivered Friday, according to Alex Bornyakov, deputy minister of Digital Transformation of Ukraine.

The Ukrainian government anticipates doubling the $50 million of crypto donated so far in the next two or three days, Bornyakov said Friday in an Zoom interview from an undisclosed location inside Ukraine. Most of the donations have been in Bitcoin and Ether.