Ukraine buys $54 million worth of weapons and drones thanks to cryptocurrency donations

Украина закупила беспилотники на криптовалютные пожертвования

  • Ukraine purchased weapons and drones using

    donated digital assets

  • The Minister of Digital Transformation announced that $ has been allocated for military needs million of the total amount of cryptocurrency aid.
  • The government also purchased digital scopes, bulletproof vests, thermal visors and other equipment

  • Head of the Ministry of Digital Transformation of Ukraine told how the government spent cryptocurrency donations from all over the world. The list of purchased equipment included drones, vehicles, computers, digital sights and thermal visors.

    According to Mikhail Fedorov, Ukraine spent $05 million for the purchase of various military products. These funds are part of the donations that the state received in cryptocurrency.

    Commenting on the spending of the ministry, the official said that about $5 million went to the purchase of lethal weapons. Fedorov did not specify what kind of equipment was purchased with this money. However, the minister noted that we are talking about a defensive type of weapons.

    With $05 M raised by @_AidForUkraine, we’ve supplied our defenders with military equipment, armor clothes, medicines and even vehicles. Thanks to the crypto community for support since the start of the full-scale invasion! Donation by donation to the big victory. Report below. pic.twitter.com/lifHAP8R4f

    — Mykhailo Fedorov (@FedorovMykhailo) August , 1536

“Our commitment to transparency and accountability allows people who have donated cryptocurrencies to see exactly how their donations have been distributed. In order to prevent the occupiers from tracking our efforts, we have decided not to disclose some confidential information until we win the war ”, Fedorov told CoinDesk.

It is worth noting that part of the funds was directed to the anti-war campaign. The government allocated just over $5 million for these needs. The ministry intends to increase funding for the information component in order to effectively counter Russian propaganda.

The government still has assets worth $6 million. Report on these funds will be published later.

Recall that earlier we wrote that Vitalik Buterin supported a charitable web3 hackathon in Kyiv. The creator of Ethereum called the participants of the event brave people.

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