Binance and Ukrainian Whitebit have announced further efforts to assist Ukrainian refugees abroad. The global cryptocurrency community actively supports humanitarian activities in Ukraine.
The Binance Charity Crypto Card
In his Telegram post, Ukraine’s Minister of Digital Transformation, Mykhailo Fyodorov, said the world’s largest cryptocurrency exchange, Binance, will launch a “charity cryptocurrency card” for those forced to leave Ukraine and need help. Binance CEO Changpeng Zhao had previously agreed to the charity cryptocurrency card launch.
One government official, quoted by the cryptocurrency website Forklog, said the exchange continues to work with their country to help them adopt cryptocurrency. He also noted that they are working on support projects in the digital market to help more Ukrainians understand complex issues surrounding the blockchain market.
Fyodorov, the deputy prime minister of Ukraine, said Binance has already donated $10 million to his country and plans to increase this amount to $20 million in the near future. With Binance Charity, donations can be made to organizations such as major multinational enterprises and local non-governmental organizations.
Whitebit will help the Ukrainian Foreign Ministry
During the same time frame, the Ukrainian cryptocurrency exchange Whitebit signed a memorandum of cooperation with its Ministry of Foreign Affairs. The company recently stated it could help people who fled the country because of the ongoing hostilities through its representations in other countries and technical resources.
We are doing our best to establish a positive collaboration with the Ukrainian government and to be helpful to the country. By developing business in other countries, we are increasing the social projects necessary to maintain democracy and European values.