Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees

- Advertisement -

Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees – Following a conversation with Binance’s CEO Changpeng Zhao, Ukraine’s Minister of Digital Transformation Mykhailo Fedorov revealed on Telegram that the world’s leading cryptocurrency exchange will launch a charity crypto card this month for those that have been forced to leave Ukraine and require support.

According to Forklog, a crypto news outlet, a government official said, “This is essential support for our people amid the struggle.” He said the exchange is continuing to cooperate with his department on bitcoin adoption and wants to sponsor educational programs in the digital space to enable more Ukrainians gain digital skills and new professional credentials.

Also Read: Ukraine Pushes for Membership in European Blockchain Partnership

- Advertisement -

Fedorov, who is also the deputy prime minister of Kyiv, stated that the corporation has already given $10 million to Ukraine and plans to expand the sum to $20 million soon. Binance Charity gathers cryptocurrency donations to help the humanitarian work of local non-governmental and big intergovernmental groups.

Meanwhile, Whitebit, a Ukrainian cryptocurrency exchange, has signed a memorandum of understanding with Ukraine’s Ministry of Foreign Affairs. The corporation recently stated that its representative offices in other countries, as well as its technical as well as other resources, can assist individuals who have fled Ukraine to avoid the ongoing conflicts.

It was recently noted in a blog post:

“We will continue to cooperate with the government, develop partnerships, and provide assistance to Ukraine. By expanding our operations in other countries, we are able to expand social projects that are critical to the preservation of democracy and European ideals.”

Also: EU Bans High-Value Crypto Services to Russia in New Round of Sanctions

Whitebit plans to help Ukraine’s Consular Service in the countries where it has offices by assisting “the transformation of foreign diplomatic entities to barrier-free digital environments.” It also stated that it would assist the Foreign Ministry’s Anti-Crisis Line and a phone center that assists Ukrainians in need.

Don't miss

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

Bank of Spain to Launch Experimental Wholesale CBDC Digital...

Elon Musk Says Twitter Will Delete 1.5 Billion Dormant Accounts

Elon Musk Says Twitter Will Delete 1.5 Billion Dormant...

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners...

Trevor Noah Bids Farewell to ‘The Daily Show’ in Emotional Final Episode Sign-Off

Trevor Noah Bids Farewell to 'The Daily Show' in...

‘Top Gun: Maverick’ Named Best Film of 2022 by National Board of Review

'Top Gun: Maverick' Named Best Film of 2022 by...

LEAVE A REPLY

Please enter your comment!
Please enter your name here