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Binance and Whitebit, two cryptocurrency exchanges, have offered assistance to Ukrainian refugees

Following a conversation with Binance’s CEO Changpeng Zhao, Ukraine’s Minister of Digital Transformation Mykhailo Fedorov announced on Telegram that the world’s leading cryptocurrency exchange will launch a “charity crypto card” this month for those who have been forced to leave Ukraine and require assistance.

“This is critical support for our folks during the battle,” a government official said, according to Forklog, a crypto news outlet. He said the exchange is continuing to cooperate with his department on bitcoin adoption and wants to sponsor educational projects in the digital space to enable more Ukrainians gain digital skills and new professional credentials.

Fedorov, who is also the deputy prime minister of Kyiv, stated that the corporation has already committed $10 million to Ukraine and plans to expand that sum to $20 million soon. Binance Charity collects cryptocurrency donations to support large intergovernmental and local non-governmental organizations’ humanitarian efforts.

The Ukrainian Foreign Ministry will receive assistance from Whitebit.

Meanwhile, Whitebit, a Ukrainian cryptocurrency exchange, has inked a memorandum of understanding with Ukraine’s Ministry of Foreign Affairs. The corporation recently stated that its representative offices in other countries. As well as its technical and other resources, can assist persons who have fled Ukraine to flee the ongoing conflicts.

In a recent blog post, it states:

“We continue to work, establish cooperation with the state, and help Ukraine.”
“By scaling up the business in other countries, we scale up social projects essential”
” for maintaining democracy and European values.”

Whitebit plans to help Ukraine’s Consular Service in the countries where it has offices by assisting…

“the transformation of foreign diplomatic institutions to barrier-free digital environments.”

It also promised to help the Foreign Ministry’s Anti-Crisis Line. As well as a phone center that provides assistance to Ukrainians in need.

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