Cryptocurrency exchange Binance has donated assets worth $2.5 million (approximately Rs 20) to UNICEF to help suffering children in war-torn Ukraine. UNICEF, or the United Nations Children’s Emergency Fund, is an international agency that provides humanitarian and development aid to children around the world. Binance’s crypto donations come at a time when assets like Bitcoin, Ether, and Dogecoin have emerged as popular financial instruments that can offer massive returns following market movements. UNICEF has released a public statement regarding Binance’s donation.
“Funds made by Binance The charity comes at a critical time, as UNICEF needs to scale up its operations in Ukraine and neighboring countries to reach every child in need”, the UN child-centred organization . speak.
Russia launched a military invasion of Ukrainian territory on February 24 amid protracted and unresolved geopolitical conflicts.
According to UNICEF, the lives of more than 7.5 million children in Ukraine are at stake at this time, where, despite several rounds of diplomatic negotiations, Russia and Ukraine have not achieved any settlement.
“The speed with which this conflict is escalating has shocked the world. To think that just over a week ago, Ukrainian children were laughing, having fun, going to school; and now that we hear of child casualties, thousands forced to flee or take shelter, it’s heartbreaking,” Changpeng ZhaoFounder and CEO of Binance.
For emergency funding in this time of crisis, Ukraine has begun accepting Donate with Cryptocurrency from all over the world. Over the weekend, officially Twitter Ukraine’s handle posted crypto wallet address for donation in Bitcoin and Ether.
Last week, Binance donate $10 million (approximately Rs 75.5 crore) to help with the ongoing humanitarian crisis in Ukraine.
More than $54.7 million (approximately Rs 420) has been collected by Ukraine through crypto donations, CNBC report citing numbers from analytics firm Elliptic.
“Children in Ukraine are extremely scared, shocked and desperate for their safety. We rely on the generosity and support of the global business community to help UNICEF reach those children and their families,” said Carla Hadid Mardini, Director of Private Fundraising and Partnerships at UNICEF. UNICEF, adds.
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