{"id":420931,"date":"2022-03-24T19:00:00","date_gmt":"2022-03-24T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-crypto-became-a-major-source-of-relief-for-embattled-ukraine\/"},"modified":"2022-03-24T19:00:00","modified_gmt":"2022-03-24T16:00:00","slug":"how-crypto-became-a-major-source-of-relief-for-embattled-ukraine","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-crypto-became-a-major-source-of-relief-for-embattled-ukraine\/","title":{"rendered":"# How crypto became a major source of relief for embattled Ukraine"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3942fe0bc17\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3942fe0bc17\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-crypto-became-a-major-source-of-relief-for-embattled-ukraine\/#%E2%80%9D_How_crypto_became_a_major_source_of_relief_for_embattled_Ukraine_%E2%80%9C\" >&#8221; How crypto became a major source of relief for embattled Ukraine  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_How_crypto_became_a_major_source_of_relief_for_embattled_Ukraine_%E2%80%9C\"><\/span>&#8221; How crypto became a major source of relief for embattled Ukraine  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZGNhZmRjMjEtYjRlOC00ODUzLTljYTctYzMyZGVjMDI5MGNlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>\u201cCrypto became the largest driver for humanitarian help as well as some of military help for Ukraine\u201d, said Illia Polosukhin, the co-founder of Near Protocol.\u00a0<\/p>\n<p>Polosukhin, who was born and raised in Kharkiv, Ukraine, has been at the forefront of the crypto fundraising efforts aimed at supporting Ukraine against Russia\u2019s offensive.\u00a0<\/p>\n<p>Right after Russia&#8217;s attack on Ukraine started on February 24, Polosukhin and other Ukrainian crypto entrepreneurs created the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/unchain.fund\/\">Unchain Fund<\/a>, which to date has gathered nearly $7 million in crypto donations. That is only one of the several crypto funds that are currently supporting the Ukrainian Government raising a total of over $100 million in just a few weeks.\u00a0<\/p>\n<p>As pointed out by Polosukhin, the borderless nature and speed of cryptocurrencies turned out to be extremely valuable in this emergency situation.\u00a0<\/p>\n<p>\u201cYou can create a full system, an NGO system in days. Instead of months it would take to create a new nonprofit, set up banks accounts, get all the legal structure, make sure that people can wire money to it without problems.\u201d, explained Polosukhin. <\/p>\n<p>After reaching the Unchain Fund, crypto donations are converted into local fiat through local cryptocurrency exchanges still active within the country.\u00a0<\/p>\n<p>Once crypto is converted into fiat, Unchain Fund&#8217;s volunteers on the ground in Ukraine are purchasing the necessary goods and distributing them among civilians who are stuck in the conflict zone or were forced to flee their homes. <\/p>\n<p>Earlier this month, Ukraine\u2019s President Volodimir Zelesnksy signed a law that established a regulatory frame for cryptocurrency in the country. Polosukhin believes the crisis showcased the utility of crypto in an emergency situation and will result in a boost of crypto adoption in Ukraine.\u00a0<\/p>\n<p>\u201cI think crypto will become a huge engine for future development of Ukraine\u201d, he said. <\/p>\n<p>Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/K6QV2pkJH7E\">full interview <\/a>on our <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/channel\/UCRqBu-grVX1p97WaX4d-OuQ\">YouTube channel <\/a>and don\u2019t forget to subscribe!<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/how-crypto-became-a-major-source-of-relief-for-embattled-ukraine\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; How crypto became a major source of relief for embattled Ukraine &#8220; \u201cCrypto became the largest driver for humanitarian help as well as some of military help for Ukraine\u201d, said Illia Polosukhin, the co-founder of Near Protocol.\u00a0 Polosukhin, who was born and raised in Kharkiv, Ukraine, has been at the forefront of the crypto&#8230;<\/p>\n","protected":false},"author":1,"featured_media":420932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZGNhZmRjMjEtYjRlOC00ODUzLTljYTctYzMyZGVjMDI5MGNlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,87262,74891,81261,127130,95118,74880,74355,70868],"class_list":["post-420931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-crowdfunding","tag-ethereum","tag-global-crypto-community","tag-near-protocol","tag-nft","tag-transactions","tag-adoption","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=420931"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/420932"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=420931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=420931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=420931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}