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Ukraine Raises $20M in Bitcoin Ethereum, Now Accepting Polkadot

The government of Ukraine is now accepting cryptocurrency donations in Polkadot, with more cryptocurrencies to follow.

Photo by twenty20photos / Envato

The government of Ukraine has announced it’s now accepting Polkadot in terms of cryptocurrency donations. This is in addition to the crypto donations it’s already received in Bitcoin, Ethereum, and USDT.

The official Twitter account of the Ukrainian government announced earlier today that “The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too.”

The tweet also made mention of the fact that more cryptocurrencies are to be added soon.

On the 27th of February, Gavin Wood, the founder of Polkadot replied back to the Ukrainian government’s initial plea for donations, saying he would donate $5 million if they start accepting Polkadot.

Wood did, at the time, face criticism for not donating the funds in the cryptocurrencies that were being accepted by the government back then.

Following the invasion of Ukraine by Russia on the 24th of Feb, millions of dollars in cryptocurrencies were donated to the government of Ukraine as well as NGOs that were supporting the country.

According to the figures from Elliptic, a blockchain analytics platform, Ukraine’s crypto crowdfunding effort has passed $20 million as of yesterday.

“The Ukrainian government, and NGOs providing support to the military, have raised $20 million through thousands of cryptocurrency donations since the start of the donation,” Elliptic highlighted in a blog post.

These donations have, thusfar, comprised of Bitcoin and Ethereum mostly, sent to the governments BTC and ETH addresses. They have so far received $8 million in Bitcoin and $7 million in Ethereum.

Of course, other sources of Crypto income have now also been established, as well.

Sources such as UkraineDAO, founded by the founding member of Pussy Riot, Nadya Tolokonnikova, in collaboration with Trippy Labs and members of PleasrDAO.

Support Ukrainian Sovereignty, another fundraiser, has claimed to raise over $500,000 to date, whereas the NGO titled Come Back Alive has according to Elliptic, raised “several million dollars” in crypto, though it was suspended by Patreon for “funding military activity”.


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