The Ukrainian government has been at the forefront of this effort, with the Ministry of Digital Transformation of Ukraine creating 13 crypto donation addresses for assets ranging from Bitcoin and Ethereum to Dogecoin, Luna and Monero.
This should come as no great surprise. Prior to the war, Ukraine had the highest crypto adoption rate in Europe, and one of the highest globally – a trend which has grown sharply since 2014. On Binance, BTC/UAH (Ukrainian hryvnia) volumes have increased to 2022 highs in recent days as Ukrainians seek to hold more digital assets.
More broadly, Hoptrail research identified more than 30 cryptocurrency wallets claiming to route charitable donations to Ukraine, across at least 12 organisations. These include charities, media organisations, government ministries, and decentralised autonomous organisations (DAOs).
Since the Ukrainian government set up its wallets on 24 February 2022, there has been a proliferation of similar services, although not all could be verified. Claims from some quarters to route charitable donations appear dubious, although at this stage it is difficult to assess whether these are scam-related or not. Either way, any donations should be assessed carefully.
Sources
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