While Ukraine’s Ministry of Defence says it can’t officially receive crypto donations, NGO’s in the country are taking crypto to help with the conflict.
A non-governmental organization supporting the Ukrainian army has reportedly received around $4 million worth of Bitcoin donations.
According to available information, the donations were made by over 350 individuals, who donated between $1000 to $2000 to the group’s cause.
Elliptic revealed that the group had previously been receiving Bitcoin donations since August 2021. However, those donations were in small fractions of $4000 to $5000 per month. But the numbers suddenly surged on the back of Russia’s invasion of Ukraine.
