While the West is worried about Russia’s prospective use of cryptocurrencies to avoid sanctions, some Russians are using their Bitcoin (BTC) to assist the people of Ukraine.
Pavel Muntyan, a well-known Russian animation producer and the creator of the animated web series Mr. Freeman, has urged anti-war Russians to support Ukrainian citizens as Russia continues its military assault on the country.
On Tuesday, Muntyan took to social media to announce the creation of a cryptocurrency donation address for Russians who want to help Ukrainians anonymously, as Russia has prohibited its citizens from assisting Ukrainians.
On Sunday, Russia’s Prosecutor General’s Office issued an official warning that any assistance to Ukrainians during Russia’s special operation in the country will be considered high treason, with Russians facing up to 20 years in prison.
As a result, Muntyan is now urging Russians to provide financial assistance to those who have suffered as a result of military operations. Russians can now donate with any token on the BNB Smart Chain, Polygon, Ethereum, HECO, and Avalanche blockchains without revealing their identity by using his crypto address. He penned:
“Now you can help Ukraine and do it anonymously. With the help of crypto. All the money will be used to provide Ukrainian civilians with essential goods, as well as to support the families of soldiers of the Ukrainian army.”
He emphasized that the funds raised will only be used to help innocent people and will not be used to support military operations. At the time of writing, the donation address held approximately $1,500 in Ether (ETH) and approximately $350,000 in Tether (USDT) stablecoin.
The Ukraine government and several cryptocurrency companies have set up multiple cryptocurrency donation channels to aid the Ukrainian people in the aftermath of Russia’s military invasion of the country. As of Monday, the total amount of public cryptocurrency donations sent to the Ukrainian government, military, and charities had surpassed $40 million.