Bitcoin to the rescue: cryptocurrencies’ role in Ukraine


One advantage of donating in cryptocurrencies is the speed of the transfers. Bank wires may take up to 24 hours to be validated between two countries. — AFP Relaxnews

Cryptocurrencies have taken on an unprecedented role in the war in Ukraine, helping the government raise millions of dollars to fund its fight against the Russian invasion.

Why has Ukraine turned to cryptocurrencies, and how is the nascent crypto industry changing its reputation and having an impact amid the clouds of war?

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

YouTube to match OpenAI with AI likeness feature
Surging memory chip prices dim outlook for consumer electronics makers
EU to weigh Netflix, Paramount bids for Warner Bros at same time, Bloomberg News reports
Court rules TikTok can continue to operate in Canada for now, Politico reports
Netflix-Warner Bros deal could offer viewers relief from subscription fatigue
AI company Eightfold sued for helping companies secretly score job seekers
SAP shares hit 17-month low as AI-driven selloff burns $130 billion
Intel results to spotlight turnaround efforts as AI data centers boost chip demand
Brazil central bank liquidates Banco Master's Will as Mastercard suspends cards
Netflix co-CEOs go on defensive over $83 billion Warner Bros deal

Others Also Read