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Vitalik Buterin Sent 700 ETH to War-Stricken Ukraine As Crypto Donation

Friday, 08 April 2022

Ethereum Co-Founder Vitalik Buterin Donates $2.5 Million in ETH to Aid War-Torn Ukraine

In the midst of an ongoing conflict between Ukraine and Russia, Ethereum co-founder Vitalik Buterin has made a generous contribution to the Aid For Ukraine initiative. Buterin donated a whopping 700 Ether coins, which is currently valued at almost $2.5 million.

Thank you for your great help, Vitalik, and thank you for creating Ethereum..
Aid For Ukraine tweeted

Buterin's donation was revealed by Aid For Ukraine, a community-led initiative that collects and tracks donations for the war-torn country. The initiative was started to provide humanitarian aid to those affected by the conflict and has been successful in raising funds from the crypto community.

Buterin's contribution comes at a critical time for Ukraine, which has been embroiled in a war with Russia since February 24. The country has been struggling to rebuild its infrastructure and support its citizens in the midst of the ongoing conflict.

Buterin, who has Ukrainian roots, has remained tight-lipped about his contribution and has not commented on it publicly. However, his donation has been praised by many in the crypto community, who see it as a demonstration of the potential of cryptocurrencies to make a positive impact in the world.

Russian-born Canadian programmer also donates to Ukraine-focused charity project

Buterin is not the only one to have made a significant contribution to help Ukraine. Earlier this month, a Russian-born Canadian programmer donated the same amount of money to a Ukraine-focused charity project called 'Unchain'.

The donations from Buterin and the unnamed programmer come as Ukraine has taken steps to legalize cryptocurrencies in the country. On March 17, Ukrainian President Volodymyr Zelensky signed a law on virtual assets, which has legalized cryptocurrencies and digital assets in the country.

Under the new law, crypto exchanges and companies that deal with digital assets are required to register with the government in order to operate legally in Ukraine. Banks are also allowed to open accounts for crypto companies, paving the way for greater adoption of cryptocurrencies in the country.

In conclusion, Vitalik Buterin's generous donation to Ukraine is a testament to the potential of cryptocurrencies to make a positive impact in the world. His contribution, along with that of the unnamed programmer, will go a long way in providing much-needed aid to those affected by the ongoing conflict. Ukraine's decision to legalize cryptocurrencies also bodes well for the future of the industry in the country.