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KYIV, Ukraine, — The cryptocurrency DigitalBits XDB has been added the list of approved cryptocurrencies in Ukraine and will be accepted for donations to support ongoing military and humanitarian needs.
DigitalBits becomes the next cryptocurrency accepted by the Ministry of Digital Transformation, alongside Bitcoin, Ethereum and Tether, through the official website for Aid for Ukraine. Accepting these cryptocurrencies has enabled huge amounts in donations to support Ukraine’s ongoing and immediate needs.
The power and prominent features of cryptocurrencies, that are able to be accessed through blockchain networks with a simple Internet connection, have enabled the Ukraine government’s Ministry of Digital Transformation to raise invaluable donations in the midst of this war.
Ukraine was previously ranked fourth in the world for crypto adoption and has sought to improve its crypto infrastructure since the war began by signing a number of new regulations into law that will allow foreign and Ukrainian crypto exchanges to operate legally in Ukraine, including KUNA Exchange and FTX.
“You can now support Ukraine with crypto donations in DigitalBits XDB to help our fund Aid For Ukraine. Every such donation scales our efforts to equip Ukrainian defenders with necessary tools. We thank all contributors for the ongoing generosity!”, said Mykhailo Fedorov, the Minister of Digital Transformation of Ukraine.
Aid For Ukraine is an initiative created for the Ministry of Digital Transformation with support by the Ukrainian crypto platform KUNA, blockchain company Everstake and the crypto exchange FTX.
The funds will be used to help the Ukrainian military in dire need of humanitarian aid. To learn more about Aid For Ukraine and support its efforts, please visit https://donate.thedigital.gov.ua/.