Cryptocurrency, one of the world's largest cryptocurrency exchanges, announced that it will not be exempted from the conflict between Russia and Ukraine.
Therefore, while the company has announced that it will not take sanctions against Russian citizens, it will still allocate $10 million to help and respond to the humanitarian crisis in Ukraine through its Coin Charity Foundation.
As announced by the Exchange, the donation will be allocated to key intergovernmental agencies and non-profit organizations operating in the region, including UNICEF, UNHCR, iSans and people in need, to support homeless families and children. in Ukraine and neighboring countries.
In addition, another action announced by the exchange is the cryptocurrency crowdfunding site, Ukraine Emergency Relief Fund, which allows people to donate cryptocurrency and provide emergency aid to refugees and children, and supports the logistics of providing food, fuel on site . and supplies for refugees.
As a result, Cryptocurrency has made an initial donation of 16,042 BNB, the equivalent of $6 million.
CZ, the founder of Cryptocurrency, highlighted that Russia's invasion of Ukraine has shocked the cryptocurrency community.
"We are proud to have been able to quickly put our network together to provide relief and support in the area of basic needs to those who need it most. This includes helping to provide food, fuel, other supplies and shelter to Ukrainians, including many members of the Coin community," he said.
He therefore also urged world leaders to end the conflict immediately.
Coin is also working with several local refugee groups that are actively working to expedite the crossing of Ukrainians across the border between the two neighboring countries.
As a result, UNHCR has been providing essential relief and shelter to refugees on Ukrainian soil since 2014. The agency has a permanent presence in the region, maintains field operations throughout the country, and has warehouses with pre-positioned relief items and shelter kits.