The Ukraine invasion shows why we need crypto regulation
Shortly after the Russian invasion of Ukraine began, the Ukrainian government tweeted a request for funds in the form of (BTC), Ether (ETH) and (USDT). The total received now stands at more than $60 million, according to Michael Chobanian, founder of Kyiv-based Kuna Exchange and president of the Blockchain Association of Ukraine, who posts regular updates via his Twitter (NYSE:) account.
Unlike support being pledged by governments around the world, these funds were available to the Ukrainian military within minutes — not weeks.
Uldis Tēraudkalns is the CEO of NexPay, a Lithuanian fintech startup providing banking infrastructure for the digital assets industry. Uldis has more than a decade of experience working in finance and managing venture investments, where he has served on the boards of different companies. Uldis holds a Master’s Degree in Finance from the Stockholm School of Economics and is a co-host of The Pursuit of Scrappiness, a leading business and startup podcast in the Baltics.