The Ukraine invasion shows why we need crypto regulation
Cointelegraph
Published May 07, 2022 01:12AM ET
Updated May 07, 2022 03:00AM ET
Shortly after the Russian invasion of Ukraine began, the Ukrainian government tweeted a request for funds in the form of Bitcoin (BTC), Ether (ETH) and Tether (USDT). The total received now stands at more than $60 million, according to Michael Chobanian, founder of Kyiv-based Kuna Exchange and president of the Blockchain Association of Ukraine, who posts regular updates via his Twitter (NYSE:TWTR) account.
Unlike support being pledged by governments around the world, these funds were available to the Ukrainian military within minutes — not weeks.
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Written By: Cointelegraph
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