Patreon, which serves as a content creator’s membership platform which is often used as a source of crowdfunding as well, has suspended the Ukrainian NGO titled “Come Back Alive” once it ruled that the NGO was violating its terms.
Established in 2014, Come Back Alive was created when the armed conflict broke out between both Russian-backed separatists and Ukraine. The NGO claims that it would provide armor and medical equipment to the fighters of Ukraine.
Patreon was swift in its removal of the NGO’s page and reiterated in a blog post that the platform isn’t “to be used for funding weapons or military activity.” The company also added in a tweet, that “Patreon does not allow funds raised on the platform to be used to support violence or purchasing of military equipment,” also mentioning that Come Back Alive’s page had been suspended and was pending an investigation.
Our statement on the suspension of Come Back Alive, and the situation in Ukraine https://t.co/LxYpI1PTC7
— Patreon (@Patreon) February 25, 2022
Once the said investigation was conducted, Patreon learned that the donations made to the NGO were being used for 3 purposes: the purchase of more than 1,500 tablets with military software, in order to create and implement “new technical solutions” which would of course include models of artillery weapons, and to train 100’s of snipers, combat engineers, gunners as well as drone operators.
Patreon also took the time to clarify that any and all contributors to the NGO would be refunded, and made a distinct recommendation regarding prospective donors for them to send funds instead to charities like the Ukrainian Red Cross Society, Voices of Children, and Revived Soldiers of Ukraine.
Through Patreon may have given this NGO the boot on their platform, this NGO is one of the many also accepting crypto donations in this conflict. In early Feb, a report from Elliptic, a blockchain analytics company, revealed that NGOs had been raised over $570,000 in Bitcoin for the Ukrainian military.
On that notion, Come Back Alive received $400,000 worth of Bitcoin in just one day.
The founder of the Russian protest punk band Pussy Riot, Nadya Tolokonnikova, took to Twitter to make an announcement today that she’s going ahead with the launch of UkraineDAO alongside Trippy Labs as well as the members of PleasrDAO, with the objective to raise funds for organizations that support the beleaguered citizens of Ukraine.
welcome to @Ukraine_DAO.
our goal is to raise funds to donate to Ukranian civilian organizations who help those suffering from the war that Putin started in Ukraine.
we'll be buying an NFT of Ukrainian flag.
— 𝖕𝖚𝖘𝖘𝖞 𝖗𝖎𝖔𝖙💦 (@pussyrrriot) February 24, 2022
Whereas on the other side of the situation, Russia’s wealthiest, both back home and abroad, could possibly make use of crypto as a way to circumvent the crippling effects of global sanctions on Russian business.
For Bitcoin mining to be recognized as “commercial activity” a legislation has been proposed by the government of Russia, and also to bring cryptocurrencies into the regulatory framework as “foreign currencies”.