Since the beginning of the Russian invasion, just over 300 days ago, crypto has played a welcome role in distributing aid quickly across borders.

Donations made in cryptocurrency are important for the ability to cross international borders despite closed transfers between national banks in the region. Especially in the early days of the war, donating in crypto helped money get to Ukraine faster and more reliably, and its government acknowledged the necessity of embracing crypto.

In March, Ukraine's Ministry of Digital Transformation issued a statement fast-tracking the legalization of crypto in the country. Ukraine President Volodymyr Zelenskyy signed the bill on virtual assets into law which freed up $100 million in donations that poured in following the invasion of Ukraine by Putin-led Russia.

The Ukraine government solicited private donations in crypto on Twitter and on its website, which currently accepts donations by bank transfer, credit card, PayPal and crypto.

To manage potential scam activity, Zelenskyy ordered the creation of a transparent platform for donations to Ukraine during the war with Russia, which is audited by Deloitte in Ukraine.

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Photo: Enrique from Pixabay