Putin argues for blockchain-based international payments system

Putin - cryptocurrencies

Russian President Vladimir Putin has criticised the dependency on large banks and third parties in the global financial payments system, calling instead for an independent settlements system using blockchain.

The Russian leader made these attacks during a speaking arrangement at the International AI Journey Conference in Moscow on 24 November

During the event, which was organised by Russia’s largest bank and major government lender Sberbank, Putin...

28 November 2022 | Legislation & Government

Ukraine details how it spent crypto donations

Ukraine has detailed exactly how it spent over $54 million in donations from the crypto community.

In the early days of the war, Ukraine began accepting cryptocurrency donations from kind-hearted folk around the world wanting to help the country defend itself from Putin’s war of aggression.

Yesterday, Ukrainian Vice Prime minister Mykhailo Fedorov posted a breakdown of how the crypto donations were spent:

“Every helmet, bulletproof vest, and night...

18 August 2022 | Altcoins

Binance unveils Refugee Crypto Card to support displaced Ukrainians

Ukraine

Binance, the world’s largest crypto exchange, has launched its Binance Refugee Crypto Card for Ukrainian Binance users who were forced to move to Europe due to the ongoing war with Russia.

The card has been created to allow displaced Ukrainians to conduct crypto transactions and complete purchases at card-accepting retailers in the European Economic Area (EEA).

Helen Hai, head of Binance Charity, said: "At such a difficult time for Ukraine, it's clear that...

26 April 2022 | Cryptocurrency

Ukraine legalises crypto sector as donations for defence reach £75m

Russian Invasion of Ukraine

Ukraine has passed a law that establishes a legal framework for cryptocurrency in the country.

The virtual asset bill passed through the Ukrainian Parliament last month and was signed into law by President Volodymyr Zelenskyy on March 16.

Since raising more than £10 million from posting crypto wallet addresses on its official Twitter account in February, the Ukrainian government has been at full throttle trying to make the most of international crypto...

18 March 2022 | Cryptocurrency

Ukraine government raises £10m after posting crypto addresses on Twitter

Ukraine Flag

The government in Ukraine has raised more than £10 million through thousands of crypto donations after posting wallet addresses on Twitter.

In a less than conventional crowdfunding method, the country’s official Twitter account has made public two addresses, one for Bitcoin and another for Ether and Tether, a stablecoin pegged to the value of the US dollar.

https://twitter.com/Ukraine/status/1497594592438497282

Since February 26, said wallets have netted more...

28 February 2022 | Funding