Ukraine has not revealed exactly where the millions of dollars of donated crypto are being spent due to the 'level of secrecy involved' but insisted it is transparent thanks to blockchain technology. by Amitoj
Ukraine, Russia on the map.
Ukraine's Defense Ministry is deciding on the allocation of donated crypto funds, said Michael Chobian, the founder of Ukrainian exchange Kuna who is leading the crypto effort for the country. Chobian spoke to CoinDesk shortly after tweeting details of how Ukraine's crypto fund had received cryptocurrency worth $16.8 million in support from donors worldwide.The spending was revealed on the same day a Russian rocket attack killed 70 Ukrainian soldiers, and satellite images showed a 40 mile only 17 miles away from and still approaching Ukraine's capital, Kyiv.
The Ukraine government has not revealed where the funds are getting spent"due to a level of secrecy involved" but insisted that it is transparent thanks to blockchain technology. Ukraine's Defence Minister Oleksii Reznikov is aware of how the funds are being allocated because he is the one giving the orders, according to a person familiar with the process. Details will have to be revealed by the government, the person said.how the Ukrainian government is purchasing critical supplies, including gas, food and military equipment, using cryptocurrency donations.
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