One such group, Come Back Alive, which began accepting cryptocurrency in 2018, provides the military with equipment, training services and medical supplies. It also funded the development of a drone-based reconnaissance and targeting system for Ukrainian artillery units. "Cryptocurrency is increasingly being used to crowdfund war, with the tacit approval of governments," said Robinson of Elliptic, which sells blockchain analytics tools to banks and some of the world's largest cryptocurrency platforms, including Binance and Circle. "Cryptocurrency is particularly suited to international fundraising because it doesn't respect national boundaries and it's censorship-resistant - there is no central authority that can block transactions, for example in response to sanctions," said Tom Robinson, Elliptic's chief scientist. 2x12x16 lumber 16 2x12 2x12x16 pressure treated floor joists properly it is both safe and environmentally friendly.Typically, these organizations receive funds from private donors via bank wires or payment apps, but cryptocurrencies such as bitcoin have emerged as an important alternative funding method, since they allow for quick, cross-border donations which bypass financial institutions that might block payments to Ukraine.īut the Ukrainian Ministry of Defense has made it clear that it won't accept crypto donations directly.Ī statement on the government's website said that "national legislation does not allow the Ministry of Defense of Ukraine to use other payment systems ('Webmoney,' 'Bitcoin,' 'PayPal,' etc.)."Īctivists have deployed the crypto for a variety of purposes, including equipping the Ukrainian army with military equipment, medical supplies and drones, as well as funding the development of a facial recognition app that identifies if someone is a Russian mercenary or spy. Everything one needs to effectively complete the job can be found, right here, at Ashland Lumber.
When Ukraine's pro-Russian president Viktor Yanukovych was ousted in 2014, for example, legions of organized volunteers stepped up to support protesters. These organizations have augmented the work of Ukraine's military by offering additional resources and manpower. On Thursday alone, one NGO received over $675,000 in bitcoin, and by Friday morning, that number had ballooned to more than $3.4 million thanks to that one-off $3 million donation.įor years, volunteer groups have played a critical role in the Russia-Ukraine conflict.
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