UN Agency UNHCR Accepts First Crypto Donations Worth $2.5M To Help Ukrainian Refugees

UN Agency – The United Nations High Commissioner for Refugees (UNHCR), has accepted its first-ever crypto donations for humanitarian help to Ukrainians fleeing the country’s turmoil.

iexclusivenews reports that Binance Charity donated $2.5 million in Binance USD (BUSD) stablecoins to UNHCR.

This online news outlet understands that it will be used to rehabilitate and support refugees fleeing Ukraine to neighboring countries.

More than 10 million people have been displaced from their homes in Ukraine. According to a UN Agency (UNHCR) study, and the agency will use crypto stablecoin charity funding to give legal and social support.

According to Marie Grey, Executive Director and CEO of UNHCR in the United States, the bitcoin donation will be critical in the organization’s efforts to assist as many families as possible.

iexclusivenews Nigeria reports that Grey also praised the entire crypto community for assisting Ukrainians through this difficult period, saying:

“This generous support will make a life-changing difference for families forced to flee, and more importantly, it shows families that a caring and committed global community is stepping forward to help during their darkest times.”

A humanitarian crisis has erupted in the region as a result of the conflict between Russia and Ukraine.

Since the war began, cryptocurrencies have proven to be one of the most important sources of relief for the beleaguered country, with over $100 million in documented crypto donations.

When Ukraine pleaded with other countries for help and issued multiple appeals for assistance in whatever way, crypto donors from all around the world banded together to donate millions.

These crypto money have already shown to be crucial in helping the government support various evacuations and rehabilitation operations in order to assist and preserve as many lives as possible.

Ukraine has not only adopted cryptocurrency for charitable purposes; it has also authorized digital digital assets and developed its own nonfungible token collection in order to raise further revenue.

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