FEATURE: Dispersed and displaced, Ukraine’s crypto industry adapts to war by the_postman_
Ukraine’s crypto industry has played a highly visible role in the ongoing war. Like much of the population, crypto businesses have scattered in the face of the Russian invasion. But the industry’s mobility means many are returning to some form of normalcy.
Now, many are returning to work, with varying success. And the nation, which recently passed a law aimed at cultivating the local crypto industry, is hoping crypto entrepreneurs will help it recover once peace is restored. Chobanian fled Kyiv at the start of the war. Using the exchange, he set up the wallet that the Ukrainian government took on for its fundraising. His account of doing so while a refugeeChobanian has since left Ukraine, he told The Block. In fact, the firm had already begun evacuating much of its staff back in January. The crypto industry lends itself to mobility, which means that much of that ecosystem has, like KUNA, relocated, both internationally and abroad.
Meanwhile, the nation’s Ministry of Digital Transformation has been outwardly supportive of the local crypto industry, and hasthat it will be able to lead the country’s economic recovery, especially if peacetime comes sooner rather than later.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Accessibility is the main barrier to crypto adoption — Here are the solutionsCrypto leaders must address the lack of financial and crypto literacy, as without addressing the key issues limiting accessibility in the crypto ecosystem, the industry will not move forward.
Read more »
Crypto donations fund ATVs and gas masks for Ukrainian militaryIn the last week, Ukraine's minister of digital transformation Mykhailo Fedorov has announced the purchase of five all-terrain vehicles and 5,000 gas masks through Aid for Ukraine crypto donations.
Read more »
What happened? Terra debacle exposes flaws plaguing the crypto industryTerra has unfortunately been the unintentional whistleblower that pointed out stablecoin flaws and questioned their real-world utility, but what happened for LUNA to drop from $85 to $0.00003465 in less than 10 days?
Read more »
Bitcoin on the battlefield: How Ukraine is utilizing crypto | Crypto Stories Ep. 9On Feb. 24, 2022, Ukraine braced itself as Russia launched its invasion, an unprecedented war against a small neighboring country. But the battle was not onl...
Read more »
McConnell, GOP senators meet Zelenskyy in surprise Kyiv stopSenate Republican leader Mitch McConnell says senators who visited Ukraine on Saturday have reaffirmed that the U.S. will back Ukraine until it wins its war with Russia.
Read more »