The Ukraine invasion shows why we need crypto regulation By Cointelegraph

The Ukraine invasion shows why we need crypto regulation By Cointelegraph

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.