December 2, 2022

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Russia-Ukraine conflict: How cryptocurrency is shaping the war

1 min read

The war in Ukraine comes with a horrific toll on the people involved: emotional and financial.

It’s costing Russia an estimated $20 million a day to continue the invasion. The Ukrainian government hasn’t put a price tag on its defences, but it’s issued war bonds to raise funds, received millions in donations from allies, and turned to less conventional methods.

On Saturday, Ukraine’s vice-prime minister tweeted a request for donations in the world’s largest cryptocurrencies.

More than $69 million in crypto has poured in from around the world for the Ukrainian government and NGOs.

Anne Gaviola reports.

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